Silver Falls Below $60 for First Time Since December 2025
Silver futures opened at $61.30 and fell to $59.32, breaching the $60 mark for the first time since December 9, 2025, as both gold and silver prices continue to decline.
Silver prices fell sharply on Wednesday, June 24, 2026, with July futures (SI=F) opening at $61.30 and dropping to $59.32 by 8:18 a.m. ET, breaching the $60 level for the first time since December 9, 2025. The 6% decline from the previous day's open marks a continuation of the recent downturn in precious metals. This move reflects a broader risk-off sentiment that has weighed on both gold and silver, with silver underperforming due to its dual nature as both a monetary and industrial metal. The break below $60 is a significant psychological level, and the last time silver opened below that threshold was on December 9, 2025, when it started the day at $57.62. Traders can track these moves on NowPrice's live gold dashboard, which also covers silver and other precious metals in real time.
The sell-off in silver comes as both gold and silver prices struggle in tandem, with silver faring even worse than gold. This divergence is partly explained by the persistent strength in real US 10-year yields, which have risen as the Federal Reserve maintains a hawkish stance, reducing the appeal of non-yielding assets like precious metals. Additionally, the US Dollar Index (DXY) has strengthened, exerting inverse pressure on silver and gold prices. Central banks globally have been net buyers of gold since 2022, but this has not translated into silver demand, as silver is less favored for reserve diversification. The COMEX-LBMA spread has widened, indicating physical delivery concerns in silver, while ETF flows for silver ETFs like SLV have seen net outflows, contrasting with steady inflows into gold ETFs such as GLD and IAU. Jewelry demand for silver remains subdued due to higher prices, while investment demand has shifted to safe-haven gold. The break below $60 is a significant psychological level, and the last time silver opened below that threshold was on December 9, 2025, when it started the day at $57.62.
Looking ahead, market participants will be watching for further weakness in silver as it tests support levels not seen in over six months. Key data releases and central bank commentary this week could influence the direction of precious metals, with silver particularly sensitive to shifts in industrial demand and risk sentiment. A sustained break below $59 could trigger stop-loss selling, accelerating the decline toward the December 2025 low of $57.62. Conversely, a rebound above $60 would require a catalyst such as weaker US economic data or dovish Fed signals. The upcoming US GDP revision and jobless claims data will be closely monitored, as will any comments from Fed officials regarding the pace of rate cuts. Silver's industrial demand component, tied to solar panel manufacturing and electronics, remains a wildcard, with global manufacturing PMIs showing mixed signals. Traders should also watch for changes in COMEX warehouse inventories and the LBMA silver price fix, which could indicate physical market tightness.