Silver traded near $67.50 per ounce on Tuesday, June 9, down about 0.9 percent on the day and holding close to its lowest level since late March. The metal settled into a lower range to start the week after Iran and Israel agreed to halt attacks against each other, easing fears of a wider escalation that had supported safe haven demand and energy driven inflation concerns.
Stronger than expected US jobs data added to the pressure. The report sent the dollar and Treasury yields higher and reinforced market expectations that the Federal Reserve could raise interest rates by year end, a combination that historically weighs on non yielding assets like silver. The pullback extends a sharp correction: silver has fallen roughly 21.6 percent over the past month, though it remains about 84.6 percent higher than a year ago.
The longer term picture remains constructive in many analyst models. Citigroup carries a target of $110 per ounce for the second half of 2026, and physical demand data continues to run hot. Coin and bar purchases reached 474 metric tons in the first quarter, up 42 percent year over year and the second highest quarterly total on record, as constrained supply and rising industrial use keep the market tight.
Source: Yahoo Finance - https://finance.yahoo.com/personal-finance/investing/article/silver-prices-today-tuesday-june-9-settling-into-a-lower-range-to-start-the-week-111821243.html