Silver ($XAG) Commodity Forecast: Up 5.4% Today

What is Silver?

Silver is a precious metal widely used in industrial applications and as a store of value in financial markets. Today, the silver market experienced a strong bullish movement.

Why is Silver going up?

XAG commodity is up 5.4% on Jun 12, 2026 11:35

• Silver prices surged as optimism grew over a potential peace deal between the US and Iran, easing concerns about inflation and potential interest rate hikes.
• The European Central Bank's decision to raise interest rates for the first time since 2023 and the US producer price data showing a sharp increase further reinforced expectations of a Federal Reserve rate hike.
• Geopolitical tensions in the Middle East, particularly regarding Iran and the impact on energy costs, played a significant role in driving silver prices higher.
• The combination of these factors led to a bullish market movement for silver, despite recent declines, highlighting the metal's sensitivity to global economic and political developments.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Nears Fifth Weekly Loss

Silver traded at $67 per ounce on Friday, heading for a fifth consecutive weekly decline, as investors balanced growing optimism over a potential US-Iran peace deal against mounting expectations of higher interest rates. US President Donald Trump suggested a deal could be reached as early as this weekend, though Tehran has yet to confirm a final decision. Since the Iran conflict began, silver has come under pressure amid concerns that surging energy costs could push inflation higher, reinforcing expectations that central banks will keep interest rates elevated. The European Central Bank raised interest rates on Thursday for the first time since 2023 and upwardly revised its inflation forecasts for 2026 and 2027. Additionally, US producer prices climbed 6.5% year-over-year in May, highlighting the inflationary impact of the Middle East energy shock and strengthening expectations of a Federal Reserve rate hike this year.

Silver Holds Gains on Iran Deal Prospects

Silver held above $67 an ounce on Friday after rebounding more than 6% in the previous session, as growing optimism over an imminent peace deal between the US and Iran eased concerns about persistent inflation and potential interest rate hikes. President Donald Trump said a deal with Iran could be reached as early as this weekend after postponing planned attacks and warning that the US could target the country's oil infrastructure. Iran's semi-official Fars news agency also reported that Tehran was likely to accept the agreement, although no final text has been approved. Meanwhile, the ECB raised interest rates on Thursday for the first time since 2023 and lifted its inflation forecasts for 2026 and 2027. Data also showed US producer prices climbed 6.5% year-on-year in May, highlighting the inflationary effects of the Middle East energy shock and reinforcing expectations of a Federal Reserve rate increase this year.

Silver is up by 5.01%

Silver increased 5.01% to 66.571 USD/t.oz

Silver Trims Gains as US Producer Inflation Surges

Silver retreated to $63 per ounce on Thursday, its lowest level since December 2025, as investors digested new US producer price data, the European Central Bank’s interest rate increase, and worsening Middle East tensions. US producer prices climbed 6.5% year-over-year in May, the sharpest rise since November 2022 and exceeding expectations of 6.4%, reflecting the deepening impact of the Strait of Hormuz closure on energy costs. With consumer inflation also at a three-year peak, the latest data reinforces expectations that the Federal Reserve may raise interest rates in 2026. At the same time, the ECB implemented its first rate hike since 2023 and raised its inflation projections for 2026 and 2027. Geopolitical concerns deepened as US President Trump pledged additional strikes against Iran and threatened to seize control of its critical energy infrastructure, including Kharg Island.

Silver Hits 11-week Low

Silver decreased to 63.24 USD/t.oz, the lowest since March 2026. Over the past 4 weeks, Silver lost 26.57%, and in the last 12 months, it increased 74.87%.

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Silver Price History

20.04.2026 - XAG Commodity was down 5.1%

• Silver experienced a strong bearish movement today, dropping by 5% to $73.784 per ounce.
• The market movement can be attributed to escalating tensions between the US and Iran, which have kept investors on edge about inflation risks and potential interest rate hikes.
• President Trump's comments regarding the possibility of resuming strikes on Iran and the uncertainty surrounding the Middle East conflict have contributed to the downward pressure on silver prices.
• The ongoing geopolitical uncertainties and inflation fears have overshadowed earlier gains driven by optimism around AI-related stocks and increased demand for metals used in data-center infrastructure.

05.05.2026 - XAG Commodity was down 6.6%

• Silver prices dropped below $70 per ounce, marking a 5.03% decrease, as investors reacted to a stronger-than-expected US jobs report and ongoing uncertainty in the Middle East.
• The robust US job growth figures raised expectations of a Federal Reserve interest rate hike, leading to concerns about inflation and higher interest rates, which negatively impacted the demand for non-interest-bearing assets like silver.
• Ongoing tensions in the Middle East, particularly regarding peace negotiations and disruptions to energy flows through the Strait of Hormuz, added to the market uncertainty and reinforced worries about inflation risks, contributing to the bearish sentiment towards silver.
• Despite some temporary stabilization driven by hopes for diplomatic solutions, the overall market sentiment remained bearish, with silver heading towards a weekly loss of nearly 4% amidst the broader economic and geopolitical concerns.

05.05.2026 - XAG Commodity was down 5.1%

• Silver prices fell below $73 per ounce today, marking a nearly 4% weekly decrease. The downturn can be linked to continuous uncertainty in the Middle East, particularly regarding peace talks and disruptions in the Strait of Hormuz.
• Hopes for a diplomatic resolution between the US and Iran were dashed due to minimal progress in negotiations and the rejection of ceasefire suggestions by Iran-supported Hezbollah, fueling doubts and maintaining downward pressure on silver.
• Prolonged conflicts and high energy prices raised concerns about inflation and possible interest rate hikes, further contributing to the negative sentiment in the silver market.
• Anticipations of central banks increasing interest rates to combat inflation shocks also influenced the market movement, pushing silver prices lower.

11.05.2026 - XAG Commodity was up 5.6%

• Silver surged by 5.01% to $66.571 per ounce, marking a significant uptick in its value.
• The bullish movement can be attributed to the completion of recent strikes, raising hopes for peace negotiations and alleviating concerns over inflationary pressures.
• Geopolitical tensions in a certain region have contributed to market volatility and concerns about energy supply disruptions, leading to increased demand for safe-haven assets like silver.
• Central Banks' potential interest rate hikes in response to rising inflation have also influenced investor sentiment towards precious metals like silver as a hedge against inflation.

15.04.2026 - XAG Commodity was down 10.6%

• The price of silver dropped by more than 6% to $79 per ounce amid concerns regarding increasing US inflation rates and the possibility of upcoming rate hikes. Data revealed a rapid inflation rate and less potential for a Federal Reserve rate reduction.
• Analysts at UBS revised their predictions for the year, expecting a decrease in investment demand and a significant reduction in the silver market's supply deficit, intensifying the downward pressure on silver prices.
• Factors such as the continued closure of the Strait of Hormuz due to ongoing tensions in the Middle East, stalled negotiations between the US and China, and heightened import tariffs imposed by India all contributed to the prevailing negative outlook on silver in the market today.

19.04.2026 - XAG Commodity was down 5.2%

• Silver dropped by 5% to $73.784 USD/t.oz today.
• The market movement can be attributed to the uncertainty in the Middle East, with conflicting reports on potential progress in resolving the Iran conflict influencing investor sentiment.
• Rising inflation concerns, reinforced by surging oil prices and stronger-than-expected US inflation data, have also contributed to the downward pressure on silver prices.
• Traders are closely monitoring geopolitical developments, central bank policies, and economic indicators for further insights into the future direction of silver prices.

12.05.2026 - XAG Commodity was up 7.4%

• Silver surged by 5.01% to reach $66.571 per ounce.
• Optimism concerning a potential peaceful agreement between the US and Iran contributed to this bullish trend, alleviating worries about inflation and interest rate hikes.
• The completion of US actions against Iran further boosted silver prices, fostering hopes for peaceful negotiations and lessening inflation concerns.
• Today's market movement reflects the influence of geopolitical tensions, US-Iran relations, and macroeconomic factors, including US producer price data and ECB interest rate decisions, on silver prices.

12.05.2026 - XAG Commodity was up 5.4%

• Silver prices surged as optimism grew over a potential peace deal between the US and Iran, easing concerns about inflation and potential interest rate hikes.
• The European Central Bank's decision to raise interest rates for the first time since 2023 and the US producer price data showing a sharp increase further reinforced expectations of a Federal Reserve rate hike.
• Geopolitical tensions in the Middle East, particularly regarding Iran and the impact on energy costs, played a significant role in driving silver prices higher.
• The combination of these factors led to a bullish market movement for silver, despite recent declines, highlighting the metal's sensitivity to global economic and political developments.

19.04.2026 - XAG Commodity was down 5.5%

• Silver experienced a bearish movement today, dropping in price.
• The market movement can be attributed to the uncertainty in the Middle East, particularly related to the conflict with Iran.
• Heightened inflation concerns and the impact of surging oil prices added pressure on precious metals like silver.
• Speculation around Federal Reserve rate hikes and cuts, as well as changing expectations for monetary policy, also influenced the bearish trend in the silver market.

10.05.2026 - XAG Commodity was down 5.2%

• Silver prices were affected by escalating tensions in the Middle East involving the US, Iran, and Israel, causing concerns over energy supplies and inflation.
• Observing US inflation data and robust employment numbers, investors anticipated a forthcoming Federal Reserve interest rate hike, negatively impacting precious metals like silver.
• Despite a potential ceasefire agreement between Iran and Israel offering brief respite, ongoing uncertainties in the region and their influence on energy prices continued to weigh on silver prices.
• Market sentiments were swayed by the robust dollar and surging Treasury yields, strengthening expectations of a year-end Fed rate hike and contributing to the downward trend in silver.

19.04.2026 - XAG Commodity was up 5.5%

• Silver rebounded to $78 an ounce as hopes for progress in resolving the Iran conflict led to renewed investor interest, despite earlier losses.
• Growing concerns over US inflation and potential rate hikes, along with geopolitical tensions, have been contributing factors to the recent volatility in the silver market.
• Strategists lowering their silver investment demand forecast and projecting a narrowing global silver market deficit have added to the pressure on silver prices.
• Despite the recent pullback, silver's industrial demand prospects, particularly in electronics and solar panels, continue to provide support amid broader market uncertainties.

09.05.2026 - XAG Commodity was down 5.0%

• Silver prices dropped to $66 per ounce as investors awaited the US inflation report, which is expected to show a climb to 4.2% in May, the highest in nearly three years, driven by soaring energy prices.
• The recent ceasefire agreement between Iran and Israel offered some support to silver prices, while worries about inflation, interest rates, and tensions in the Middle East kept the market under pressure.
• Better-than-expected US jobs data strengthened beliefs of a Federal Reserve rate hike, with a 70% likelihood of an increase in December now being factored in by markets, contributing to a negative outlook for silver.
• Ongoing conflicts in the Middle East, disruptions in energy supply, and escalating tensions added to the downward trend in silver prices, emphasizing the relationship between geopolitical developments and market trends.