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

What is Silver?

Silver, a precious metal known for its industrial and investment uses, experienced a bearish movement in the market today.

Why is Silver going down?

XAG commodity is down 5.1% on Jun 18, 2026 14:11

• 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.

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Silver Rises as US-Iran Deal Takes Effect

Silver climbed above $69 an ounce on Thursday, recovering losses from the previous session after President Donald Trump signed an interim agreement to end the conflict with Iran and reopen the Strait of Hormuz. Reports indicated that the deal includes the swift reopening of the strait and the removal of sanctions on Iranian oil exports, while negotiations on nuclear issues and potential additional economic incentives for Iran are set to continue. Meanwhile, silver tumbled about 3% on Wednesday after the US Federal Reserve signaled increasing support for interest rate hikes this year. Fed Chair Kevin Warsh refrained from providing guidance on the next policy move but stressed that inflation has remained above the central bank’s 2% target for several years and reiterated the Fed’s commitment to restoring price stability.

Silver Pressured by Hawkish Fed Signals

Silver traded near $68 per ounce on Thursday after falling about 3% in the previous session, as the US Federal Reserve signaled growing support for interest rate hikes this year. Half of FOMC members indicated that it may be necessary to raise rates this year, consistent with the expectations that core inflation will be higher than expected due to the impact of the war in the Middle East. Meanwhile, new Fed Chair Kevin Warsh declined to offer guidance on the next policy move but emphasized that inflation has remained above the central bank’s 2% target for several years and reaffirmed the Fed’s commitment to bringing price growth under control. On the geopolitical front, the US and Iran digitally signed their interim peace agreement, although it remains uncertain whether Iran has already begun steps to fully reopen the Strait of Hormuz.

Silver Pulls Back After FOMC

Silver prices eased to below the $70 per ounce threshold on Wednesday after the Federal Reserve held rates unchanged and flagged the possibility of rate hikes this year. Half of the FOMC members projected it may be appropriate to raise interest rates this year they expect core inflation to remain higher and the labor market to remain at its currently strong level. The outlook pressured fixed income assets, increasing the opportunity cost of holding bullion instead of securities that carry coupons. On top of that, Fed Chairman Warsh announced multiple task forces that will investigate the need for changes to the monetary framework of the Federal Reserve, including a lower balance sheet, further pressuring bonds and precious metals. In the meantime, datacenter operators and AI infrastructure companies continued to raise cash to build more compute capacity, raising the demand outlook for industrial silver. The metal was also due to be used in Chinese expenditure for energy storage.

Silver Holds Gains Ahead of US-Iran Deal

Silver traded around $70 per ounce on Wednesday and was up about 3% so far this week, as investors awaited the signing of a US-Iran peace agreement that is expected to restore oil flows through the Persian Gulf, helping ease concerns over inflation and interest rates. The two countries are scheduled to sign an interim deal in Switzerland on Friday, offering Tehran broad economic incentives, including the immediate resumption of its oil exports. Market participants also turned their attention to the Federal Reserve’s upcoming policy decision, where officials are widely expected to leave interest rates unchanged. The meeting will be the first chaired by Kevin Warsh, though he is not expected to submit a "dot" to the FOMC’s quarterly rate projections. Earlier this week, the Reserve Bank of Australia left its benchmark interest rate unchanged at 4.35%, while the Bank of Japan raised its policy rate by 25 basis points to 1%.

Silver Holds Gains as US-Iran Deal Eyed

Silver traded near $70 an ounce on Tuesday after rising almost 3% in the previous session, as expectations that a US-Iran peace agreement would reopen the Strait of Hormuz eased fears of an energy-driven inflation shock that had fueled interest rate hike expectations. The interim accord is expected to be signed by both sides in Switzerland on Friday, with President Donald Trump saying the free flow of oil from the Persian Gulf would resume once the deal takes effect. However, neither Washington nor Tehran has released the text of the memorandum of understanding, leaving investors cautious. Markets also looked ahead to a series of central bank policy decisions this week, with the Federal Reserve set to hold its first meeting under new chair Kevin Warsh and widely expected to leave interest rates unchanged.

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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.

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.

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.

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.

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.

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.