Silver Prices Extend Decline on Ceasefire Reports and Hawkish Fed

Key Facts

Amid shifting safe-haven dynamics and monetary policy outlooks, silver prices faced increased selling pressure as new bearish catalysts emerged in global markets. According to reports, silver was negatively impacted by hawkish Federal Reserve stances, which reduced the attractiveness of non-yielding assets. Furthermore, news regarding a ceasefire agreement further diminished the geopolitical risk premium, prompting investors to unwind positions in the white metal.

This decline coincides with the US Dollar Index stabilizing at elevated levels, exerting additional pressure on dollar-denominated commodities. Looking at peer performance, gold recorded similar declines per market data, while previous data showed the US Michigan Consumer Sentiment index at 48.9 on June 12, 2026. Reports indicate that the breach of previous technical support levels between $67 and $68 has opened the door for further price correction in the absence of buying catalysts.

Silver (XAG/USD) stood at $64.50 (close June 18, 2026), and traders are now awaiting official confirmation regarding the ceasefire to gauge the next support levels. According to the economic calendar, focus shifts to upcoming speeches from central bank officials, including Lagarde and Nagel in June, alongside US industrial production data which will determine the outlook for physical silver demand in the manufacturing sector.