Silver ($XAG) Commodity Forecast: Up 5.1% Today

What is Silver?

Silver, a precious metal often used for both investment and industrial purposes, experienced a bullish movement today in the market.

Why is Silver going up?

XAG commodity is up 5.1% on Jun 26, 2026 13:56

• Silver prices rose above $58 per ounce, showing resilience despite being down nearly 10% for the week due to the Fed's hawkish stance and inflation concerns.
• The metal found support from a weaker US dollar and lower Treasury yields after the latest US PCE inflation report, easing concerns about a sharper acceleration in price pressures.
• Despite progress in US-Iran peace negotiations driving oil prices back to pre-conflict levels and reducing inflation worries, silver remains down about 13% year-to-date and nearly 47% below its record high reached in January.
• Traders are closely monitoring Fed rate hike probabilities, with markets currently pricing in potential increases overshadowing supportive factors, such as progress in peace negotiations.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Down About 10% on the Week

Silver rose above $58 per ounce on Friday but remained down nearly 10% for the week, extending the losses recorded in the previous week, as the Fed's hawkish stance continued to support the US dollar. New Fed Chair Warsh reaffirmed the central bank's commitment to bringing inflation under control, easing concerns that he might bow to pressure from US President Trump to cut interest rates prematurely. The Fed also raised its 2026 PCE inflation projections, while the headline PCE inflation rate accelerated to 4.1% in May. Markets are now pricing in three Fed rate hikes this year, with the probability of the first increase in September standing at around 62%. Silver has broadly tracked the weakness across precious metals but has underperformed gold since the outbreak of the Iran war, losing roughly half its value since reaching a record high in January. Silver is also an industrial metal, making it more sensitive to changes in investors' risk appetite and expectations for global growth.

Silver Set for Sharp Weekly Drop

Silver steadied near $58 an ounce on Friday but remained on track to lose about 12% for the week as hawkish signals from the US Federal Reserve outweighed support from the impact of US-Iran peace efforts. On Thursday, silver found some support after the latest US PCE inflation data came in broadly in line with expectations, easing fears of imminent Fed rate hikes and pushing the dollar and Treasury yields lower. Even so, markets are pricing in an 80% chance of a Fed rate hike in December following last week's hawkish pause, while the probability of a September increase stands at around 63%. Meanwhile, oil prices continued to retreat and have returned to pre-conflict levels as progress in US-Iran peace negotiations eased concerns over Middle East supply disruptions and further reduced inflation worries.

Silver Approaches $59

Silver rebounded to approach $59 per ounce on Thursday, recovering from earlier losses and tracking modest gains across the precious metals complex. The metal found support from a weaker US dollar and lower Treasury yields after the latest US PCE inflation report came in broadly in line with expectations. While inflation remains well above the Fed’s 2% target, the data eased concerns about a sharper-than-expected acceleration in price pressures. Meanwhile, oil prices continued to retreat and have now returned to levels seen before the outbreak of the Iran conflict, further alleviating inflation worries. As a result, traders pared back expectations for additional monetary tightening, with the probability of a Fed rate hike in September falling to 63% from 68% the previous day. Still, silver is down about 13% year-to-date and nearly 47% below its record high reached in January, before the outbreak of the conflict with Iran.

Silver Languishes at 7-Month Low

Silver traded near $57 an ounce on Thursday, hovering at its lowest levels since November last year as a stronger dollar and growing expectations of Federal Reserve rate hikes continued to weigh on prices. The US dollar rose to its highest level in more than a year against a basket of major currencies, making dollar-denominated commodities such as silver costlier for holders of other currencies. Last week, the Fed kept interest rates unchanged but signaled increasing support for tighter monetary policy, with Chair Kevin Warsh indicating his commitment to bringing inflation under control. Markets are now pricing in a possible rate hike in September, with additional increases potentially following before year-end. Those expectations have overshadowed the supportive effect of progress in US-Iran peace negotiations, which has driven oil prices back to pre-conflict levels and significantly reduced inflationary pressures.

Silver Falls to December-Lows

Silver prices fell about 5% to $59 per ounce on Wednesday, their lowest level since December, tracking broader weakness across the precious metals complex. The decline was driven by a stronger US dollar and growing expectations that the Fed will maintain a hawkish policy stance, prompting traders to increase bets on an interest-rate hike later this year. Markets currently assign a roughly 68% probability of a Fed rate increase in September, up from 29% a week ago. Silver and other precious metals also came under additional selling pressure as a sharp decline in US technology stocks led some investors to reduce bullion holdings to help offset losses elsewhere in their portfolios. Silver is now down about 13% year-to-date and nearly 47% below its record high reached in January, before the outbreak of the conflict with Iran.

Trending Today

McCormick & Company Incorporated ($MKC) Stock Forecast: Up 5.5% Today

Stryker Corporation ($SYK) Stock Forecast: Up 5.4% Today

Salesforce.com Inc ($CRM) Stock Forecast: Up 5.3% Today

Applied Materials Inc. ($AMAT) Stock Forecast: Down 6.7% Today

Cisco Systems Inc. ($CSCO) Stock Forecast: Down 5.0% Today

Fastly Inc. ($FSLY) Stock Forecast: Up 6.0% Today

Robinhood Inc. ($HOOD) Stock Forecast: Up 5.9% Today

Shopify Inc. Class A Subordinate ($SHOP) Stock Forecast: Up 5.4% Today

Caterpillar Inc. ($CAT) Stock Forecast: Down 5.1% Today

Lam Research Corporation ($LRCX) Stock Forecast: Down 5.3% Today

Silver Price History

23.05.2026 - XAG Commodity was down 5.2%

• Silver fell towards $63 an ounce, showing a bearish movement today.
• The market movement was influenced by strong expectations for Federal Reserve interest rate increases, overshadowing positivity around US-Iran peace talks.
• Forecasts from Deutsche Bank and BofA Global Research hinting at a rate hike in September put further downward pressure on silver prices.
• Expectations of a quicker rebound in global oil supply, driven by Washington's decision to allow Iran to sell oil internationally for 60 days, also played a role in the negative sentiment surrounding the silver market.

23.05.2026 - XAG Commodity was down 5.9%

• Silver dropped by 5% to $61.8 per ounce.
• The decline in silver prices is linked to expectations for Federal Reserve interest rate hikes.
• Optimism about US-Iran peace talks was overshadowed by inflation concerns, prompting focus on the potential rate increase in September.
• Increased shipping activity through the Strait of Hormuz and expectations of a quicker global oil supply recovery may have added to the downward pressure on silver prices.

24.05.2026 - XAG Commodity was down 5.2%

• Silver prices plunged to December-lows, dropping about 5% to $59 per ounce, influenced by a stronger US dollar and increasing expectations of a Fed interest rate hike. The hawkish Fed sentiment and the likelihood of a rate increase in September contributed to the downward pressure on silver.
• The decline in US technology stocks led some investors to reduce their bullion holdings to offset losses elsewhere in their portfolios, adding to the selling pressure on silver.
• Despite some support from the US-Iran peace agreement and easing inflation concerns, silver remained near six-month lows as the market sentiment favored tighter Fed policy. The progress in negotiations between Washington and Tehran also alleviated inflation risks, further impacting silver prices negatively.
• Overall, the bearish movement in silver can be attributed to the combination of a stronger US dollar, hawkish Fed expectations, and the broader market reaction to US technology stock declines, leading to a significant decline in 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.

24.05.2026 - XAG Commodity was down 5.1%

• Silver dropped by 5% to $61.8 an ounce, reaching six-month lows.
• The market movement can be attributed to expectations of tighter Federal Reserve policy, with officials hinting at future rate hikes and a more hawkish stance.
• Progress in US-Iran peace negotiations and increased shipping through the Strait of Hormuz helped ease inflation concerns but were not enough to offset the impact of potential interest rate hikes.
• The decline in US technology stocks also added selling pressure on silver as investors adjusted their portfolios, contributing to the overall bearish sentiment in the market.

25.05.2026 - XAG Commodity was down 7.5%

• Silver prices plunged to 7-month lows due to a stronger US dollar and increasing expectations of Federal Reserve rate hikes, making dollar-denominated commodities like silver more expensive for holders of other currencies.
• The hawkish policy stance of the Fed, with a possible rate hike in September and ongoing interest rate increase expectations, contributed to the downward pressure on silver prices.
• Progress in US-Iran peace negotiations, which eased inflation concerns and reduced pressure on global energy supplies, failed to offset the negative impact of the strengthening dollar and anticipated Fed actions on silver prices.
• The decline in US technology stocks led some investors to reduce bullion holdings, adding to the selling pressure on precious metals like silver.

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.

18.05.2026 - XAG Commodity was down 5.1%

• Silver prices plummeted due to hawkish signals from the US Federal Reserve regarding potential interest rate hikes, causing investors to shift away from non-interest-bearing assets like precious metals.
• The signing of an interim peace agreement between the US and Iran, aimed at reopening the Strait of Hormuz, initially boosted silver prices. However, uncertainties surrounding the full implementation of the deal and the geopolitical landscape led to a pullback in silver prices.
• The Federal Reserve's indication of a possible rate hike, driven by concerns over higher inflation and a strong labor market, contributed to the downward pressure on silver prices as investors reevaluated their portfolios.
• Despite the positive impact of increased demand outlook for industrial silver from datacenter and AI infrastructure companies, the overall market sentiment influenced by the Fed's stance on interest rates overshadowed these factors, leading to the bearish movement in silver prices.

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.

26.05.2026 - XAG Commodity was up 5.1%

• Silver prices rose above $58 per ounce, showing resilience despite being down nearly 10% for the week due to the Fed's hawkish stance and inflation concerns.
• The metal found support from a weaker US dollar and lower Treasury yields after the latest US PCE inflation report, easing concerns about a sharper acceleration in price pressures.
• Despite progress in US-Iran peace negotiations driving oil prices back to pre-conflict levels and reducing inflation worries, silver remains down about 13% year-to-date and nearly 47% below its record high reached in January.
• Traders are closely monitoring Fed rate hike probabilities, with markets currently pricing in potential increases overshadowing supportive factors, such as progress in peace negotiations.

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.