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fxJun 10, 2026, 6:43 AM

Silver Finds Temporary Support Near $63.50, Downside Risk Persists

Silver (XAG/USD) rebounded to near $65.00 after hitting a two-month low of $63.45, but analysts warn the downside bias remains intact.

XAGUSD

Silver prices staged a modest recovery during European trading on Wednesday, bouncing from the $63.45 area—the lowest level in two months—to trade around $65.00.

Despite the intraday rebound, the broader technical outlook remains bearish. The precious metal is seen as finding only temporary support near the $63.50 zone, with sellers likely to reemerge on any further strength.

Market participants continue to weigh the impact of a stronger US dollar and rising bond yields, which have weighed on non-yielding assets like silver. A sustained break below $63.45 could open the door to deeper losses.

Source: FXStreet Forex News