Silver ($XAG) Commodity Forecast: Down 6.6% Today

What is Silver?

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

Why is Silver going down?

XAG commodity is down 6.6% on Jun 5, 2026 14:37

• 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.

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Silver traded below 70 USD/t.oz

Silver decreased below 70, according to trading on a contract for difference (CFD).

Silver is down by 5.03%

Silver decreased 5.03% to 70.121 USD/t.oz

Silver Tumbles Toward 4% Weekly Loss

Silver prices fell to $72 per ounce on Friday, heading for a weekly decline of over 4%, as a stronger-than-expected US jobs report and ongoing Middle East uncertainty kept inflation and interest rate concerns in focus. The May jobs report showed the US economy added 172,000 jobs, far exceeding the forecasted 85,000, while the unemployment rate remained at 4.3% and annual wage growth eased to 3.4%, matching expectations. This led investors to bet on a Federal Reserve interest rate hike, with markets pricing in a quarter-point increase by year-end. Investors also tracked Middle East developments, where US President Donald Trump said peace negotiations were nearing their final stage. However, Iran’s Foreign Minister dismissed any meaningful progress, and Iran-backed Hezbollah rejected a US-mediated ceasefire proposal.

Silver Drops on Middle East Uncertainty

Silver fell below $73 an ounce on Friday and was set for a weekly decline of nearly 4%, pressured by ongoing uncertainty in the Middle East that kept inflation risks and interest rate concerns in focus. President Donald Trump said peace negotiations were approaching their final stage and is reportedly reluctant to re-enter full-scale war with Iran despite recent tensions. However, Iranian Foreign Minister Abbas Araghchi said there has been no meaningful progress in the discussions. Iran-backed Hezbollah also rejected a US-mediated ceasefire proposal between Israel and Lebanon, adding to doubts over efforts to de-escalate regional hostilities. The prolonged conflict and continued disruptions to energy flows through the Strait of Hormuz kept oil prices elevated, reinforcing concerns about inflation and the risk of higher interest rates.

Silver Steadies on Middle East Peace Hopes

Silver steadied above $73 an ounce on Friday, holding onto gains from the previous session as hopes persisted that the US and Iran could still reach a diplomatic solution to end the conflict and reopen the Strait of Hormuz. President Donald Trump said peace negotiations were nearing their final phase and is reportedly reluctant to return to full-scale war with Iran despite recent tensions. However, Iranian Foreign Minister Abbas Araghchi said there has been no meaningful progress in the talks. Iran-backed Hezbollah also rejected a US-mediated ceasefire proposal between Israel and Lebanon, raising doubts about Trump’s efforts to bring an end to regional hostilities. Despite the recent support, silver remains on track for a weekly decline as the prolonged conflict and continued disruptions to energy flows through the Strait of Hormuz kept oil prices elevated, fueling concerns about inflation and the prospect of higher interest rates.

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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.

12.04.2026 - XAG Commodity was up 6.8%

• Silver surged over 6% to $85.5 an ounce, hitting a two-month high, driven by heightened geopolitical tensions in the Middle East, particularly between the US and Iran.
• President Trump's rejection of Iran's peace proposal and the ongoing conflict in the region, including attacks and the disruption of the Strait of Hormuz, fueled concerns over inflation and boosted demand for safe-haven assets like silver.
• The metal's strong performance was also supported by its industrial usage, which improved expectations for physical demand, further contributing to its bullish momentum.
• Silver's price movements were closely tied to geopolitical developments and inflation concerns, highlighting the metal's sensitivity to global events and economic uncertainties.

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.

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.

15.04.2026 - XAG Commodity was down 6.8%

• Silver prices dropped as concerns over US inflation and potential rate hikes intensified, leading to a second consecutive session of declines.
• Rising inflation pressures, fueled by the prolonged Iran war and the closure of the Strait of Hormuz, contributed to the market's bearish sentiment towards silver.
• The possibility of a Fed rate hike by December and the lack of interest rate cuts for the year have further dampened investor confidence in silver.
• Despite the recent pullback, silver had rallied earlier in the week supported by stronger industrial demand expectations, particularly in electronics and solar panels, which rely on the metal's high electrical conductivity.

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.

11.04.2026 - XAG Commodity was up 6.4%

• Silver surged over 6% to a two-month high of $85.5 an ounce as dismissal of Iran's peace proposal heightened the risk of conflict, leading to increased safe-haven demand for the metal.
• Renewed attacks in the Middle East and the blocked Strait of Hormuz kept oil prices high, fueling inflation concerns and boosting silver prices as investors sought refuge in precious metals.
• The rejection of Iran's response sustained worries over inflationary pressures, leading to a slight pullback in silver prices below $80 an ounce, but the overall bullish trend remained intact.
• Optimism over a potential US-Iran peace deal and positive US jobs data also contributed to the upward momentum in silver prices, signaling resilience in the metal's value amidst market uncertainties.

13.04.2026 - XAG Commodity was up 5.2%

• Silver surged over 6% to $85.5 an ounce on Monday, rebounding from early losses, as investors monitored US-Iran negotiations, which heightened geopolitical tensions and raised concerns about inflation due to the prolonged disruption of the Strait of Hormuz.
• Despite a slight pullback towards $85 an ounce on Tuesday, silver's rally was supported by elevated geopolitical uncertainty in the Middle East and sustained inflation concerns, as US consumer inflation rose to 3.8% in April, exceeding forecasts and complicating the Federal Reserve's outlook on interest rates.
• The metal's climb above $87 an ounce on Wednesday to its strongest levels in two months was driven by an improving outlook for industrial demand, particularly in electronics and solar panels, amidst cautious sentiment following hotter-than-expected US inflation data, which reduced expectations for Federal Reserve interest rate cuts.

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.

14.04.2026 - XAG Commodity was down 5.1%

• Silver dropped over 2% as geopolitical tensions and inflation risks rose, with concerns over geopolitical conflicts pushing oil prices higher and increasing focus on inflation risks.
• Comments made by US President Donald Trump regarding the ceasefire between the US and Iran being uncertain, along with Tehran's rejected peace proposal, added to the market's uncertainty and contributed to the bearish movement in silver.
• The US experienced higher than expected inflation rates, with consumer inflation rising to 3.8% in April, surpassing forecasts and reaching levels not seen since May 2023. This raised concerns about the Federal Reserve's future actions, impacting silver prices negatively.
• Despite silver's industrial applications and its reputation as a safe-haven asset, market sentiment remained cautious as investors closely followed geopolitical developments and inflation data, leading to a decrease in silver prices.