Silver prices fell 1.3% during Wednesday’s trading session, heading toward losses for the second consecutive session, and are trading near their lowest levels since December 12, 2025, at $60.68 per ounce.

Scenario 1:

Silver is currently trading below the daily pivot point of $62.77, if it manages to hold below this level, the decline could extend toward the next support levels at $60.14 then $58.45.

Scenario 2:

If silver prices rise above the daily pivot point at $62.77, they may test the first resistance level at $64.31. It should be noted that if the price holds above this level, it could push the white metal toward further gains, heading toward the second resistance level at $65.85.

Top News:

Markets are awaiting tomorrow’s release—on Thursday—of the U.S. Core Personal Consumption Expenditures (PCE) Price Index for May, with analysts expecting an annual growth rate of 3.3% and a monthly growth rate of 0.3%. This index will receive particular attention, as it is widely considered one of the Federal Reserve’s preferred measures of inflation.