Silver fell to approximately $67.14 per troy ounce on June 12, 2026, extending a fifth straight week of declines as investors weighed rising expectations for Federal Reserve rate action against sustained industrial demand. The metal has dropped roughly 23% over the past month, though it remains approximately 85% higher than one year ago.
The most recent leg of the decline coincided with Thursday's European Central Bank rate increase, the first since 2023, and a US producer price index reading showing 6.5% year-over-year inflation in May. Elevated interest rate expectations tend to pressure precious metals by raising the opportunity cost of holding non-yielding assets.
Despite the near-term pullback, the fundamental case for silver draws on several long-term demand drivers. Industrial applications now represent more than half of all silver consumption globally, with solar panel photovoltaic cells and semiconductor manufacturing identified as the two fastest-growing demand categories. The silver market has recorded a supply deficit for six consecutive years, with 2026 projected to extend that streak.
Hecla Mining, the largest primary silver producer in the United States with operations at Greens Creek, Lucky Friday, and Keno Hill, accounts for more than 40% of all silver mined domestically. First Majestic Silver reported record first-quarter 2026 revenues of $477 million, up 95% year-over-year, on a 26% increase in silver production, with record operating cash flow of $311 million.
Citigroup has maintained a price target of $110 per ounce for the second half of 2026, citing physical supply shortages and accelerating industrial consumption as the primary drivers.
Source: Yahoo Finance -- https://finance.yahoo.com/personal-finance/investing/article/silver-prices-today-friday-june-5-2026-silver-prices-still-sliding-after-shocking-jobs-report-110413559.html