Silver crashes below $60, down over 50% from record high

CommodityMacroPrice Action Impact 4
โดย TheStreet·Read original
Summary · why it matters

Silver has tumbled below $60 an ounce for the first time this year, marking a fresh six-month low and a decline of more than 50% from its record high above $120 reached in late January 2026. Spot silver fell 3.7% to $59.30 on June 24, its weakest level since December 9, 2025, pressured by a stronger dollar and rising Treasury yields after a blowout jobs report showed employers added 172,000 positions, more than double the 85,000 expected. The Federal Reserve held its benchmark rate at 3.5% to 3.75% on June 17, with nine of 18 policymakers projecting at least one rate hike before year-end, a sharp reversal from earlier rate-cut expectations. The metal closed below its 200-day moving average on June 9 for the first time since April 2025, a bearish technical signal. The iShares Silver Trust has dropped more than 15% in 2026, while silver miners First Majestic, Hecla Mining, and Pan American Silver each slid nearly 4% in premarket trading.

Impact on stocks 4

Critical Materials & Supply Chain▼ · 3 stocks
First Majestic Silver Corp
AG
▼ NegativeDemandrelevance

Silver price crash below $60 signals weak demand for silver, directly hurting First Majestic's revenue.

Hecla Mining Company
HL
▼ NegativeDemandrelevance

Silver price crash below $60 signals weak demand for silver, directly hurting Hecla Mining's revenue.

Pan American Silver Corp.
PAAS
▼ NegativeDemandrelevance

Silver price crash below $60 signals weak demand for silver, directly hurting Pan American Silver's revenue.

Financials▲ · 1 stocks

Theme Impact 1

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