Skip to main content
BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%
AboutTraders FairTraders Awards
/
Pricing
Get started→
fxJun 8, 2026, 5:26 PM

Silver Hovers Near 200-Day SMA After Sharp Drop, Downside Risks Persist

Silver (XAG/USD) edged higher on Monday after an nearly 8% plunge on Friday triggered by a stronger-than-expected US Nonfarm Payrolls report. The data reinforced expectations of prolonged higher Fed rates, keeping downside pressure on the metal.

XAGUSD

Silver (XAG/USD) is trading modestly higher on Monday, recovering slightly from Friday's steep decline of nearly 8%. The drop followed a stronger-than-expected US Nonfarm Payrolls (NFP) report, which strengthened the case for the Federal Reserve to maintain higher interest rates for longer.

The metal is now hovering near its 200-day Simple Moving Average (SMA), a key technical level. Analysts warn that downside risks persist as rate expectations weigh on the non-yielding asset. The strong labor market data reduces the likelihood of near-term Fed easing, limiting silver's upside.

Further technical weakness could emerge if XAG/USD breaks below the SMA support, with market focus now on incoming US economic data and Fed commentary for directional clues.

Source: FXStreet Forex News