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fxJul 15, 2026, 6:28 AM

Silver Holds Below $59.00 Despite Weak USD

Silver (XAG/USD) trades lower near $58.50 after failing to hold above $59.00. Geopolitical tensions in Iran outweigh the positive effect of a weaker US Dollar Index.

XAGUSD

Silver (XAG/USD) edged lower on Wednesday, trading at $58.50 after being rejected at the $59.00 level on Tuesday. The decline comes despite a softer US Dollar Index, which typically supports precious metals.

Rising hostilities in Iran have dampened market sentiment, offsetting the dollar’s weakness. Investors remain cautious as geopolitical risks cap demand for silver. The metal is unable to break above the $59 resistance in the current risk-off environment.

Source: FXStreet Forex News