Silver ($XAG) Commodity Forecast: Down 5.0% Today

What is Silver?

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

Why is Silver going down?

XAG commodity is down 5.0% on Jun 9, 2026 15:41

• 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.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Plunges as Investors Await US Inflation

Silver prices tumbled to $66 per ounce on Tuesday, retracing to levels last seen in December 2025, as investors turned their attention to the upcoming US inflation report. The report, due Wednesday, is expected to show inflation climbing to 4.2% in May, its highest in nearly three years, fueled by soaring energy prices. The inflation outlook follows last week’s stronger-than-expected US jobs data, which revealed 172,000 jobs added in May, surpassing forecasts. This has led investors to ramp up bets on Federal Reserve rate hikes this year, with traders now pricing in a 70% chance of a December increase. Meanwhile, signs of a potential Middle East deal emerged after Iran and Israel halted attacks following a US appeal, pushing oil prices lower and temporarily easing inflation concerns, though uncertainty lingers.

Silver Finds Support on Ceasefire Optimism

Silver held above $67 an ounce on Tuesday after Iran and Israel agreed to halt attacks against each other, alleviating fears of a wider escalation that raises energy-driven inflationary risks. President Donald Trump also said both sides were seeking an immediate ceasefire and that final negotiations were moving forward. Still, silver remained near its lowest level since late March as the dollar and Treasury yields rallied following stronger-than-expected US jobs data, reinforcing expectations that the Federal Reserve could raise interest rates by year-end. Markets are now pricing in more than a 40% chance of a quarter-point rate hike in December, up from around 14% a month ago. Investors are also awaiting US CPI and PPI data later this week for fresh signals on the Fed’s policy outlook.

Silver Rebounds from Over Two-Month Low

Silver erased earlier losses to rebound toward $69 an ounce on Monday, recovering from an over two-month low of $67.3 hit on Friday, as investors assessed the latest Middle East developments. Israel agreed to halt strikes on Iran at US President Donald Trump’s request but vowed to continue heavy bombing in Lebanon. Meanwhile, tensions escalated along the Israel-Lebanon border, with mutual shelling reported. Earlier, Trump had called for an immediate ceasefire, and Tehran paused its operations against Israel while warning against strikes on southern Lebanon. Rising oil prices, inflation worries and last week’s strong US jobs report boosted expectations of a Federal Reserve rate hike, with markets pricing in a 70% chance of a December hike, up from 45% a week ago, according to the CME FedWatch tool. Investors now await key inflation data, including Wednesday’s CPI and Thursday’s PPI, for further monetary policy clues.

Silver Extends Fall on Middle East Escalation

Silver slipped below $67 an ounce on Monday, falling to its lowest level in more than two months after Iran and Israel exchanged missile strikes, raising concerns that the latest escalation could undermine President Donald Trump's efforts to secure a new 60-day ceasefire agreement with Tehran. Trump urged both sides to avoid further military action and reiterated that negotiations remain ongoing. Meanwhile, the prolonged conflict and the continued near-closure of the Strait of Hormuz have disrupted energy supplies from the Persian Gulf, supporting higher oil prices and heightening inflation concerns. At the same time, stronger-than-expected US employment data weighed on precious metals by reinforcing expectations that the Federal Reserve could raise interest rates later this year. Markets are now pricing in roughly a 70% chance of a Fed rate hike in December, up from around 50% before the jobs report.

Silver Holds Losses on Middle East Tensions

Silver traded near $68 an ounce on Monday after tumbling nearly 10% last week to its lowest level in more than two months, as renewed tensions in the Middle East drove oil prices higher and fueled concerns about inflation and interest rates. Iran launched several rounds of missiles toward Israel in a warning against further military actions in Lebanon, though Israel's military said all the projectiles were intercepted and no casualties were reported. The prolonged conflict and the continued near-closure of the Strait of Hormuz have disrupted energy supplies from the Persian Gulf, supporting higher oil prices and intensifying inflation concerns. At the same time, stronger-than-expected US employment data weighed on precious metals last week by reinforcing expectations that the Federal Reserve could raise interest rates later this year. Markets are now pricing in roughly a 70% chance of a Fed rate hike in December, up from around 50% before the jobs report.

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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.

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.

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.

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.