Silver prices may continue to fall amid a strong dollarSilver (Jul 2026)CMCMARKETS:SILVERN2026cmcmarketsSilver prices have continued to decline throughout June. The move appears to be accelerating to the downside as the dollar continues to strengthen. The dollar’s recent surge has been driven by the Federal Reserve’s hawkish stance at its June policy meeting, reflected in the dot plots' hawkish tilt and the absence of forward guidance, as well as the hawkish tone at the press conference delivered by new Fed Chair Kevin Warsh. As a result, silver has continued its decline through the second half of June and is already trading below $59.50. This comes as silver appears to be reaching oversold conditions once again, similar to those seen in mid-June, when the price fell below the lower Bollinger Band, and the RSI dropped below 30. These conditions could provide an opportunity for silver to consolidate sideways while also creating the potential for a rebound towards the 20-day moving average, similar to the move seen between 11 June and 17 June. However, the broader downward bias in silver may not yet be complete, particularly if the dollar continues to strengthen through the latter half of 2026. A break of support at $59.50 could mean that silver falls even further, perhaps all the way back to around $49. Written by Michael J. Kramer, founder of Mott Capital Management. Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.