Silver ($XAG) Commodity Forecast: Down 5.2% Today

What is Silver?

Silver is a precious metal known for its industrial and investment uses. The market for silver is influenced by factors such as inflation expectations, geopolitical tensions, and interest rate policies.

Why is Silver going down?

XAG commodity is down 5.2% on Jun 23, 2026 5:40

• 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.

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Silver Remains Under Pressure

Silver fell toward $63 an ounce on Tuesday, extending recent losses as firm expectations for Federal Reserve interest rate hikes outweighed optimism surrounding ongoing US-Iran peace negotiations. Both Deutsche Bank and BofA Global Research have revised their forecasts to include a rate increase in September. Investors are now focused on this week’s PCE report, which contains the Fed’s preferred inflation gauge and is expected to offer fresh insight into underlying price pressures. Meanwhile, Washington granted Iran a 60-day license to sell oil on international markets, boosting expectations of a faster recovery in global supply. Shipping through the Strait of Hormuz has also increased, with producers such as Kuwait and the United Arab Emirates finding alternative export routes, while Iran shipped more than 30 million barrels over the past week.

Silver Finds Support

Silver traded near $65 an ounce on Tuesday, halting a recent decline as early signs of progress in ongoing peace talks between the US and Iran helped ease concerns about inflation. In a significant development, Washington issued Tehran a 60-day license to sell oil on international markets, fueling expectations of a faster recovery in global supply. Shipping activity through the Strait of Hormuz has also increased, with producers such as Kuwait and the United Arab Emirates finding alternative ways to export energy, while Iran shipped more than 30 million barrels over the past week. Precious metals have come under constant pressure since the Middle East conflict erupted in late February, as disruptions to energy flows through Hormuz drove oil prices higher and reinforced expectations that central banks raise interest rates to contain inflation.

Silver Rises as Oil Extends Decline

Silver climbed to around $66 an ounce on Monday, recouping some losses from recent sessions as oil prices fell further following reports that the US and Iran had agreed on a roadmap toward a final peace deal within 60 days. The development helped ease market concerns after both sides recently exchanged threats over the conflict in Lebanon, with Tehran claiming it had once again closed the Strait of Hormuz. However, millions of barrels of crude continued to pass through the waterway over the weekend, while Persian Gulf producers prepared to increase output. Investors also looked ahead to this week’s release of the US PCE price index, the Federal Reserve’s preferred measure of inflation. Last week, the Fed left interest rates unchanged but maintained a more hawkish stance. Nine of the Fed’s 19 policymakers now project at least one rate increase this year, with markets increasingly betting on a hike as early as September.

Silver Falls as Oil Prices Rise

Silver fell toward $64 an ounce on Monday, extending its recent decline as higher oil prices kept inflation concerns elevated following renewed tensions during the opening day of US-Iran talks. President Donald Trump threatened fresh military action if Hezbollah continues its attacks on Israel and warned Tehran against shutting the Strait of Hormuz again. At the same time, Iranian media reported that Tehran had suspended negotiations in response to Trump’s remarks, although sources familiar with the discussions said talks were still underway. Silver was also weighed down by expectations of tighter monetary policy after the Federal Reserve left interest rates unchanged last week while adopting a more hawkish tone. Nine of the Fed’s 19 policymakers now anticipate at least one rate increase this year, with investors pricing in a potential hike as soon as September.

Silver Falls on Stronger Dollar and Hawkish Fed

Silver fell below $65 per ounce on Friday, its lowest level since June 11, and was on track for a weekly loss of around 4.5% as a stronger US dollar and rising interest-rate expectations dampened demand for precious metals. The dollar climbed to a one-year high after the Federal Reserve left rates unchanged but struck a hawkish tone. Nine of the Fed’s 19 policymakers now expect at least one rate hike later this year, while markets are pricing in roughly a 70% chance of an increase by September. Higher-for-longer interest rates tend to reduce the appeal of non-yielding assets such as silver while supporting the dollar. Geopolitical uncertainty also remained elevated after Switzerland announced that planned US-Iran talks aimed at ending the Middle East conflict would not take place on Friday, clouding prospects for a lasting peace agreement.

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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.

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.

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.

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.

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.

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.