Precious metals have been under pressure lately despite extremely dovish Fed. The key reason is US dollar. The US currency was under huge pressure during the summer but has been recovering lately, applying downward pressure on precious metals – especially Silver.
What’s next? The key fundamental reason behind silver – accommodative monetary policy – is still there and will continue for a long time. USD gains are mostly technical and could be temporary. Looking on the chart, the next support line could be found just below $22 (150day moving average).

Daily Summary: End of an Extremely Intense Week (19.06.2026)
Three markets to watch next week: EURUSD, OIL, NASDAQ (19.06.2026)
US Closed: Postponed negotiations weigh on futures
🚩 Gold loses 1.5% as Goldman Sachs cuts its 2026 bullion price target