Silver Prices Plummet Below Key Technical Level Amid Inflation Concerns
Silver Is On Track To Close Below This Crucial Level For First Time In More Than A Year – All Eyes On May Inflation Data

Image: Asianet Newsable
Silver prices dropped 5% to $64.7 per ounce, falling below the crucial 200-day moving average for the first time since April 2025. Gold also declined nearly 2% to $4,247 per ounce. Market analysts warn that upcoming U.S. inflation data could further pressure precious metals.
- 01Silver prices fell 5% to $64.7 per ounce, marking a significant decline in the precious metals market.
- 02Gold prices also decreased nearly 2% to $4,247 per ounce, with both metals closing below their 200-day moving averages.
- 03The gold-to-silver ratio has reached its highest level in two months, indicating silver's underperformance relative to gold.
- 04Economists expect May inflation data to remain elevated, which could increase selling pressure on precious metals.
- 05Retail sentiment is bullish for SPDR Gold Shares ETF but bearish for iShares Silver Trust.
Advertisement
In-Article Ad
On Tuesday, silver prices experienced a sharp decline of 5%, dropping to $64.7 an ounce, while gold prices fell nearly 2% to $4,247 per ounce. This downturn was driven by a broader sell-off in the precious metals market, influenced by rising concerns over higher interest rates. Notably, silver's price dipped below its 200-day moving average for the first time since April 2025, while gold also closed below this key technical level for the first time since October 2023. Analysts, including Ole Hansen from Saxo Bank, noted that sellers are currently in control, and traders are focusing on downside support levels. The upcoming U.S. inflation data for May is anticipated to be elevated, which could further exert downward pressure on gold and silver prices. Retail sentiment remains mixed, with bullish views on SPDR Gold Shares ETF but bearish sentiment for iShares Silver Trust. As markets await inflation data, the potential for a recovery later in the year remains uncertain.
Advertisement
In-Article Ad
The decline in silver and gold prices could affect retail investors and those involved in precious metals trading.
Advertisement
In-Article Ad
Reader Poll
What do you think will happen to silver prices in the coming weeks?
Connecting to poll...
Read the original article
Visit the source for the complete story.





