Will Silver (SI) hit (LOW) $65 by end of June?

Prediction markets put the probability at 12%: Will Silver (SI) hit (LOW) $65 by end of June. Currently, markets see this as unlikely (12% YES). Mapping the Market: Silver prices may be on the road to recovery | Reuters.

What’s Happening

Silver futures settled at $75.49 per ounce on May 11, 2026, posting a single-session gain of 7.47% and capping the metal's strongest week of 2026 with a cumulative 6.6% advance. The rally drove prices back toward April's high near $83.04 after technical analysts flagged a confirmed break above a multi-month downtrend line on Wednesday. The question of whether silver (SI) hit (LOW) $65 by end of June would require a roughly 14% reversal from prevailing levels — a move whose momentum has faded since January's sharp tumble and the secondary slump tied to the start of the Iran war. [Reuters, May 11]

The advance was driven primarily by renewed U.S.-Iran tensions, which lifted crude oil and reinforced inflation-hedge flows across precious metals. Spot gold also firmed alongside silver, with the benchmark 10-year Treasury yield trading near 4.4% as bond markets repriced rate expectations. Supply-side news added support: Freeport-McMoRan reaffirmed on Monday that Indonesia's Grasberg copper and gold mine would resume full production by end of 2027, pushing back against reports of a 2028 slip. The combination of geopolitical risk premium and tight near-term supply has narrowed the scenarios under which silver (SI) hit (LOW) $65 by end of June. [Kitco, May 11]

Traders are now positioned for Tuesday's U.S. CPI release, cited by analysts as the next directional catalyst. A softer print would likely extend the rally and keep silver anchored well above the $70 floor, while a hot reading could trigger profit-taking after the week's explosive gain. Bull technical objectives sit at the April peak of $83.04; a sustained close above would open the higher range and further compress the probability that silver (SI) hit (LOW) $65 by end of June. Volatility is expected to stay elevated as Fed policy expectations, oil prices, and inflation data continue to drive intraday flows through the remainder of May. [FXEmpire, May 10]

Traded on Polymarket — $193K Volume

Polymarket prices this at 12c YES with $193K in volume. Moderate liquidity — use limit orders for positions above $1K to avoid moving the price.