Silver (XAG) is currently trading at $58.39, fluctuating within an intraday range of $56.10 to $59.35 (as of 8:00 AM UTC on June 29, 2026). Historical performance is not a reliable indicator of future results.
According to Reuters, silver has come under pressure after a widespread correction in precious metals, which has drawn attention to the U.S. dollar and interest rate expectations this week. The global silver market is expected to remain in deficit in 2026, with the gap widening from 40.3 million ounces in 2025 to 46.3 million ounces in 2026. Earlier reports highlighted liquidity and scarcity in the physical silver market, particularly in the context of stock drawdowns and squeeze risks.
Silver Outlook: Dollar Pressure Meets Deficit Expectations
As of June 29, 2026, predictions from various analysts paint a diverse picture for the price of silver.
Yahoo Finance (Expert Consensus)
Yahoo Finance reports that experts anticipate silver will surpass $80 per ounce by the end of 2026, with some long-term estimates extending to $100 by 2030. This assessment is part of a broader consensus after a volatile first half of the year, where demand and macroeconomic conditions continue to shape the outlook.
GoldSilver (Institutional Range)
GoldSilver notes that most major institutional forecasters are focused on an average price of $79 to $81 per ounce for 2026. This aligns with projections from major banks and survey-based estimates, relying on industrial demand, supply deficits, and the macroeconomic backdrop.
Reuters (Technical Reference Points)
Reuters stated that a sustained upward movement in silver could bring the high of February 6, 2026, at $72.74 into view, followed by $75.25. These numbers are presented as technical reference points following a prolonged correction, with relative weakness compared to gold shaping the short-term setup.
In summary, silver price forecasts converge around the high $70s to low $80s for annual averages while nearer technical reference points post-correction lie around $72.74 to $75.25.
Forecasts and predictions from third parties are inherently uncertain as they cannot fully account for unexpected market developments. Past performance is not necessarily indicative of future results.
Silver: Current Macro News
The current macroeconomic backdrop for silver remains tied to U.S. interest rates, the dollar, and inflation data. As reported by Reuters and other media, shifting rate expectations and currency movements contributed to volatility in precious metals in mid-2026. On June 25, Reuters highlighted that the silver correction led the market to closely monitor technical levels after a sharp decline in precious metals.
As of June 25, CNBC and Trading Economics reported that U.S. PCE inflation rose by 4.1% in the 12 months to May, while Reuters indicated that futures markets were pricing in a significantly higher likelihood of a Fed rate hike in December, increasing pressure on non-yielding metals.
Silver Price: Technical Overview
Silver is trading at approximately $58.39 as reported by Capital.com (as of 8:00 AM UTC on June 29, 2026) and is positioned below key clusters of simple moving averages (SMAs), with TradingView indicating levels around $66.47, $72.94, $75.95, and $68.69 for the 20, 50, 100, and 200-day SMAs, respectively. Currently, the shorter SMAs are above the last price.
The 14-day RSI on TradingView is around 31.44, indicating a low-neutral to slightly oversold area, while the ADX (14) stands at about 38.19, suggesting a trending market rather than a flat or directionless phase.
According to TradingView’s classic pivots, the first resistance point above the last price is the pivot (P) at approximately $78.82, with R1 at $85.84 and R2 at about $96.39. This creates a wide gap between current spot levels and significant resistance levels. On the downside, the 20-day SMA around $66.47 and the 100-day SMA near $75.95 define the main support band in the current setup.
This technical analysis is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.
Silver Price Trends (2024–2026)
The silver spot price spent most of 2024 working its way up from the high $20 range, closing around $29.12 on December 31, 2024, marking the end of a steady rise from about $28.89 at the start of the year. By mid-2025, prices escalated to the mid $30s, ending June 2025 at approximately $35.78, reflecting a shift from consolidation into a stronger phase for precious metals as broader safe-haven demand increased.
Momentum accelerated toward the end of 2025 and early 2026, with XAG moving from the low $40s in September 2025 to over $70 by December, closing at $79.31 on December 26, 2025, as Reuters reported silver exceeding $75 for the first time amid expectations of U.S. rate cuts and geopolitical tensions. The rally continued into January, with XAG closing at $117.83 on January 28, 2026, during a speculative surge before a sharp correction set in at the end of January and early February.
Since then, silver has experienced a significant decline, with the closing price falling from $95.82 on March 1, 2026, to $58.41 on June 29, 2026. Reuters described this movement as part of a broader correction that has seen silver lose about half its value from its peak amid tighter financial conditions and reevaluated hopes for interest rate cuts.
