Last Updated on September 14, 2026 by Deon
Silver prices went down on Monday with XAG/USD at about $63.22 per troy ounce as reported by FXStreet. The metal went down about 2.14% from Fridays price of $64.60 showing selling pressure in the precious metals market.
This recent drop happens as traders look at what will happen with US interest rates the US dollar and other financial markets. Silver is affected by changes in money policies because it does not earn interest. Also silver is used a lot in industries. How well the economy does can affect how much people want it.
Silver Price Drops
According to FXStreet data silver was at $63.22 per troy ounce on Monday. The metal has also dropped about 11.06% since the start of the year showing that the market has had a lot of pressure even when it has had times of recovery.
This drop means that sellers are still active at prices. Traders are watching to see if silver can stay around the $63 level or if another drop could push prices lower.
Silvers performance is also connected with gold. Both metals can get attention when markets are uncertain.. Silver often moves more because of its extra link to industrial use.
Stronger Dollar Causes Problems
One of the things affecting silver is how the US dollar is doing.
Silver is sold around the world in US dollars. When the dollar gets stronger silver can cost more for people using currencies. That can lower demand. Put pressure on XAG/USD.
The dollar is now being affected by what people think about US money policies. Traders are looking at inflation numbers. What the Federal Reserve might do with interest rates. The chance of rates is still a big thing to think about for precious metals.
Higher interest rates can affect silver because the metal does not give interest or money back. People might prefer things that give money when it costs more to borrow and when government bonds give more.
Interest Rates Still Matter
The Federal Reserve still has an effect on the silver market.
If people think US interest rates will stay high for a time silver could face more pressure. A strict Federal Reserve can help the dollar and government bond prices making it hard for metals.
What people think can change quickly when new economic numbers come out. Any signs of inflation slower economy or a more relaxed Fed view could reduce pressure on silver.
Because of that traders should keep an eye on US numbers and what central banks say, along with how silver is doing.
Gold-Silver Ratio Goes Up
The latest FXStreet data shows that the Gold/Silver ratio went up to 68.15 compared to 67.31 on Friday.
The ratio tells how ounces of silver you need to buy one ounce of gold. A higher ratio means gold is doing better than silver. A lower ratio means silver is stronger.
Some people use this ratio to see how the two metals are valued.. It should not be the only sign for buying or selling either metal.
The recent increase in the ratio shows silver has not done well as gold and shows the different things affecting both markets.
Industrial Use Still Important
Unlike gold silver is used a lot in industry. The metal is used in electronics, solar energy and other manufacturing because it conducts electricity well.
That means silver prices can change not because of money market situations but also because of how well the world economy is doing.
China, the United States and India are places to watch. More industrial work can increase demand for silver while a weaker economy can lower use.
The growth of energy has also made people pay more attention to silver’s industrial uses.. Investment demand how much is mined and how much is reused can all affect how much is available and how much people want.
Silver as a Way to Spread Risk
People have used silver to add types of investments to their collections. The metal can also draw interest when people worry about prices going up or when the financial system’s unstable.
Silver usually changes more than gold. Its job as both an industrial metal means it can react a lot to changes in what people think and what the economy expects.
For those trading this gives chances but more risk. Big changes can happen when the US dollar, what people think about interest rates or things happening in the world change.
What Traders Should Look For Next
The main question for the market is whether XAG/USD can start going up again after dropping to the $63 area.
If it goes up again it would need buyers to push prices higher. This could mean the recent drop was short and encourage people to aim
If it keeps going down below the $63 area it could increase the outlook and make silver lose more value.
Traders should also watch gold the US dollar and government bonds because those can help show where the precious metals are going.
Silver Price Prediction
Silver is still struggling after going to about $63.22 per ounce on Monday. The 2.14% drop in one day shows how strong the selling was. The metal has gone down about 11.06% since the start of the year showing the challenges for XAG/USD.
How it goes will depend a lot, on US money policies what the dollar does and how the world economy is doing. At the time industrial use could help in the long run if the economy and technology use stay strong.
Now traders are probably focusing on whether silver can stay around where it is. A recovery could mean more people want to buy while more falling would keep sellers in charge.
As markets wait for economic news XAG/USD is still affected by the US dollar what people think about interest rates and how people feel about precious metals. Traders should keep an eye on these things of just looking at one sign when they are trying to figure out what silver will do next.
