Silver Prices

Silver prices averaged USD 67.11 per troy ounce in June, down 13.9% from May. On 30 June, the commodity traded at USD 59.45 per troy ounce, down 21.7% from 29 May.

In June, average silver prices fell again, reversing May’s brief one-month rebound after three consecutive months of losses. Silver recorded the sharpest decline among precious metals, driven by a stronger USD and expectations that the Federal Reserve may keep rates higher for longer, which weighed on the non-yielding asset. However, supply deficits and structurally resilient demand from solar photovoltaic manufacturing and electric vehicles helped limit losses.