BREAKING: Silver plunges more than 3%

Silver extended losses below the key psychological level of $24.00 per ounce on Tuesday, the lowest level since the beginning of the month and following a 2% drop the day before, as Federal Reserve chairman Jerome Powell’s reappointment pushed the dollar to fresh 16-month highs and bond yields closer to 1-month highs. Powell's re-appointment is a sign the central bank will continue its tightening plans and raise expectations of a sooner interest rate increase, which does not support precious metals prices.

Technically looking at the D1 interval, silver remains under pressure during today's session. The price reached the support at $ 23.55, which we wrote about yesterday, but so far the buyers remain passive, which may indicate a chance for deeper declines. If the current sentiment prevails, a move towards the $ 23.00 level is possible, which is marked with previous price reactions. Should break lower occur, the next target for the market bears can be found around $ 21.50 where September lows are located.

Silver interval D1. Source: xStation5

6 November 2026, 5:37 PM

3 markets to watch next week: GBPUSD, US500, OIL (06.11.2026)

6 November 2026, 4:41 PM

OIL loses after reaching $100 📉Is Iran reviewing a change to its nuclear program?

6 November 2026, 1:24 PM

Market Wrap: Weak Europe, AI Debt, and Awaiting US Data

6 November 2026, 1:13 PM

Copper hits lowest level since late July 📉 Markets price in AI concerns and a shift in US trade policy?

Commodities

Prefer XTB on Google

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days