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fxJun 23, 2026, 3:56 PM

Silver Challenges 2026 Lows as Hawkish Fed Weighs

Silver trades near $62 per ounce, close to the 2026 low of $61.01, pressured by a hawkish Fed stance and easing Middle East tensions.

XAGUSD

Silver (XAG/USD) weakened on Tuesday, trading around $62 per ounce, approaching the 2026 low of $61.01 set in March. The precious metal faces headwinds from a strengthening US dollar after the Federal Reserve adopted a more hawkish tone at its June meeting. Additionally, reduced geopolitical tensions in the Middle East have diminished safe-haven demand for the metal.

Source: FXStreet Forex News