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fxJun 23, 2026, 3:54 AM

Silver (XAG/USD) Falls Near $63.00 as Bearish Bias Persists

XAG/USD declined over 3% during Asian hours, trading around $63.20 after a brief gain, maintaining a bearish outlook.

XAGUSD

Silver extended losses in early Asian trading, dropping more than 3% to near $63.00. The decline follows a modest recovery the previous day, which failed to reverse the prevailing bearish momentum.

XAG/USD is currently trading around $63.20 per troy ounce. The sustained weakness suggests persistent selling pressure, with no clear catalysts for a rebound in the near term.

Technical indicators remain tilted to the downside, supporting the view that further depreciation may be possible. Traders are monitoring key support levels below $63.00.

Source: FXStreet Forex News