Silver May Slide to $58.54 Soon, Analyst at Mirae Asset Warns
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- June 13, 2026
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Mirae Asset analyst sees short‑term dip in silver prices
A Mirae Asset analyst cautions that silver could retreat to around $58.54 per ounce in the coming weeks amid a strong dollar and rising yields.
Silver, the shiny metal that’s been riding a roller‑coaster lately, might be gearing up for another dip. According to a senior analyst at Mirae Asset, the next few weeks could see the spot price slipping to roughly $58.54 an ounce.
It’s not a random guess. The analyst points to a confluence of factors that are currently nudging the market downwards. First, the U.S. dollar has been stubbornly strong, making dollar‑priced commodities like silver a bit more expensive for holders of other currencies. At the same time, treasury yields have been inching higher, which tends to make non‑yield‑bearing assets less attractive.
“When the dollar climbs and rates rise, investors often shift away from precious metals,” the Mirae Asset expert explained in a recent note. “That dynamic is already showing up in the silver charts, and unless we see a sudden change in sentiment, the price could test the $58‑$60 band.”
Adding a dash of nuance, the analyst reminded readers that silver’s volatility is part of its charm—and its risk. While the metal has been buoyed by inflation fears and safe‑haven demand, those very same forces can reverse quickly. A modest pullback, they argue, would be a natural correction after the recent rally.
For traders and investors, the takeaway is simple: keep an eye on the dollar index and U.S. Treasury yields, because those two gauges are likely to dictate where silver heads next. If the dollar eases or yields level off, the metal could regain momentum. Until then, a cautious stance around the $58‑$60 range might be prudent.
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