On June 23, 2026 (GMT-5), XAG/USD endured a brutal selloff and hit a fresh two-week low, trading within a daily band of $62.15 to $64.88, opening at $64.62 and settling near $62.63 with a steep daily loss of over 3.1%. Aggressive hawkish Federal Reserve remarks boosted the U.S. dollar and lifted Treasury yields, sharply lifting the holding cost of non-yielding silver. Easing Middle East geopolitical tensions erased safe-haven buying interest, while weak industrial demand sentiment and large-scale long liquidation amplified downside pressure. Minor dip-buying only slowed the slide marginally and failed to reverse the dominant bearish trend across the whole session.Bullish outlook for the market tomorrow; target level: 63.64.

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