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ResolvedCommodities

Silver Prices Plunge 8% as Margin Calls and Strong US Jobs Data Trigger Sell-off

First Detected: Jun 6, 2026, 11:00 AM
Last Update: 3 months ago
5 articles·3 stories

Event Summary

Silver prices plunged 8% on June 6 following strong U.S. jobs data, triggering margin call selling and testing key support levels. Prices consolidated near the 200-day Moving Average by June 12 before rebounding 4% to approximately $70.80 on June 15. This recovery occurred as Washington and Tehran signaled support for a tentative agreement to end hostilities and reopen the Strait of Hormuz.

Timeline

Silver Surges 4% as US-Iran Peace Framework Eases Geopolitical Tensions
Jun 15, 2026, 6:45 AMImpact: 6
Silver Prices Eye US CPI Data Near Critical Technical Support Levels
Jun 12, 2026, 1:10 AMImpact: 4
Silver Prices Plunge 8% as Margin Calls and Strong US Jobs Data Trigger Sell-off
Jun 6, 2026, 11:00 AMImpact: 7

Price Impact

Since event start
XAG-3.24%
XAGUSD-3.24%