Will Silver (SI) hit (LOW) $60 by end of June?

Prediction markets put the probability at 9%: Will Silver (SI) hit (LOW) $60 by end of June. Currently, markets see this as unlikely (9% YES). May 7, 2026 | Gold M&A: Denarius scraps Emerita takeover in Spain.

What’s Happening

Silver prices have rebounded toward multi-month highs, with spot silver posting a 6.6% gain last week — its strongest weekly performance of 2026 — as Treasury yields and oil prices reversed lower. The metal pushed close to April's peak of $83.04 after breaking a downtrend line on Wednesday, May 6, part of a three-day surge that technical analysts cited as a potential foothold in a higher range. The rally followed earlier weakness tied to silver's January tumble and a second slump at the start of the Iran war, leaving the question of whether silver (SI) hit (low) $60 by end of June increasingly remote at current levels near $80. [Kitco, May 11]

The recovery has been driven by a combination of falling oil prices, a softening U.S. dollar and renewed hopes that Washington and Tehran will finalize a deal to end the war, which the Fortune outlet reported as effectively "over" as of May 6, 2026. TD Securities strategists, cited by Bloomberg, attributed the move to "headlines of a potential peace deal," while gold simultaneously climbed to its highest level since late April, though still well below its early-March peak above $5,300. Sanctions-driven shocks elsewhere in the metals complex — including a 30% plunge in Sherritt International shares on May 7 after new U.S. measures targeting Cuba's mining sector — have added a geopolitical risk premium across the precious and industrial metals space. [Forbes, May 7]

The near-term path now hinges on Tuesday's CPI report, with traders watching whether softer inflation and lower Treasury yields can sustain the rally or trigger a reversal. Volatility is expected to remain elevated as oil prices, Federal Reserve policy expectations and inflation data continue to drive price action, while Goldman Sachs research warns that global oil supply will sink to 98 days of demand by the end of May, with European jet fuel availability falling below the IEA's 23-day shortage threshold in June. For silver (SI) to hit (low) $60 by end of June, the metal would need to fall roughly 28% from current levels in under seven weeks — a move that would require a sharp reversal in the dollar, yields and the geopolitical backdrop now underpinning the rally. [FXEmpire, May 10]

Traded on Polymarket — $184K Volume

Polymarket prices this at 9c YES with $184K in volume. Moderate liquidity — use limit orders for positions above $1K to avoid moving the price.