Silver Falls to $62.18 After Sharp 4.5% Drop on Rate-Hike Bets

Silver (XAG/USD) traded at $62.18 per ounce on June 23, 2026, down 4.47% from Monday's close as the selloff extended through the session. Prices had plunged as much as 6.5% intraday to $61.93 after touching $66.88, driven by a stronger dollar near one-year highs and money-market pricing of a 70% chance of a September Fed rate hike. The decline also reflected fading safe-haven demand after easing Middle East tensions, widening the gold/silver ratio to 66.12 while pressuring miners such as Fresnillo, which fell 5.4%.