The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid shifting global risk appetite, silver prices have undergone a sharp correction following a period of intense volatility. According to reports, prices retreated from levels near $90 to the mid-$70s over the past two weeks. This decline is primarily attributed to the fading of geopolitical risk premiums as fears of a US strike on Iran and the collapse of ceasefire negotiations eased. However, a structural supply deficit is expected to maintain a strong price floor at the $70 level over the long term.
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Sign InThis retreat comes as precious metals face mixed pressures, with silver specifically impacted by the de-escalation of geopolitical tensions that previously fueled its rally. Looking at safe-haven asset performance, analysts note that reduced Middle East friction has dampened the immediate appeal of metals as hedging tools. Per market data, the stabilization of oil prices has also mitigated energy-linked inflation fears, leading to an outflow of liquidity from silver futures that recently hit multi-month peaks.
Traders should monitor current support levels, as silver prices stabilized at the close of May 21, 2026, amid anticipation of new macroeconomic catalysts. According to the economic calendar, markets are awaiting industrial production and retail sales data from China, which are key drivers of industrial silver demand. Additionally, investors will watch the Reserve Bank of Australia (RBA) meeting minutes scheduled for May 19 for clues on global monetary policy trends and their impact on US Dollar strength.