On June 29, 2026 (GMT-5), XAG/USD tracked gold’s heavy losses and tumbled to a fresh multi-week low amid robust hawkish Federal Reserve pricing, trading within a daily range of $57.92 to $59.64, opening at $59.51 and closing near $58.28 with a daily loss of roughly 2.07%. Broad U.S. dollar strength and climbing Treasury yields significantly lifted the opportunity cost of holding non-yielding silver, while sustained de-escalation of Middle East geopolitical tensions fully erased safe-haven buying demand. Downbeat industrial metal demand sentiment and large-scale institutional long liquidation amplified bearish momentum throughout the session; thin technical dip-buying only mildly slowed the downward slide and failed to stage any meaningful corrective bounce.Bearish outlook for the market tomorrow; target level: 58.42.

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