Silver Market Overview – June 2026

The silver spot price on the New York Mercantile Exchange closed at USD 64.91 on 18 June 2026. Over the past 52 weeks the metal has ranged from a high of USD 121.30 (28 January 2026) to a low of USD 35.27 (29 June 2025).

Recent Price Movements

  • 19 June 2026 – The price fell more than 3 % after breaching its 200‑day simple moving average (SMA).

  • Source: TalkMarkets reported that the drop was driven by a hawkish stance from the Federal Reserve and rising U.S. Treasury yields.

  • The same day, FXStreet noted a continuation of losses, with the benchmark level hovering near USD 64.50 as optimism over a U.S.–Iran peace agreement waned.

  • MoneyControl and The Deep Dive reported a broader sell‑off in precious metals, citing a stronger U.S. dollar and the Fed’s decision to keep rates unchanged.

  • 20 June 2026 – While oil prices were volatile, silver remained comparatively steady.

  • In an analysis of mid‑day commodity prices, Finanzen.net highlighted that silver prices showed little movement, mirroring the lack of change in gold.

  • 21 June 2026 – Silver prices stabilized near the USD 64 range after the market reacted to the Fed’s recent statements and the status of the Iran peace process.

  • Goldseiten.de warned that the current trough could remain threatened, indicating potential downside risk.

  • Finanznachrichten.de and Finanzen.net noted that silver was awaiting inflation data, suggesting that the market was in a holding pattern.

  • MoneyControl reiterated that the combination of a hawkish Fed and a fragile Iran deal was keeping commodity markets on shaky ground.

  • In India, AnalyticsInsight.net reported that silver prices stayed elevated, even as gold remained firm above ₹1.47 lakh.

Market Drivers

  1. Federal Reserve Policy – The Fed’s inclination toward higher rates and its recent pause at the FOMC meetings have strengthened the U.S. dollar, exerting downward pressure on silver.
  2. Geopolitical Developments – Uncertainty surrounding a U.S.–Iran peace agreement has added volatility to precious metals.
  3. Yield Movements – Rising U.S. Treasury yields have reduced the appeal of silver as an inflation hedge.

Technical Summary

  • The 200‑day SMA has become a critical support level; breaching it triggered a short‑term sell‑off.
  • The price remains below the 52‑week high (USD 121.30) and above the 52‑week low (USD 35.27), indicating a long‑term uptrend that is currently under short‑term pressure.

Outlook

Short‑term silver prices are likely to stay near the USD 64 range until key economic indicators—particularly inflation data—provide clearer signals. Any shift in Fed policy or a significant geopolitical event could accelerate further volatility.