Prediction markets reflect expectations for silver to recover after a 4% drop pushed prices to six-month lows this week.
Silver prices faced renewed pressure Wednesday, dropping over 4% to extend a selloff that drove the metal to its lowest level in six months. The decline followed a broader risk-off move in commodities amid shifting rate-cut expectations and a stronger US dollar.
Traders in prediction markets now anticipate silver will hold near $60 by the end of June, suggesting a stabilization after recent volatility. The metal had previously struggled to sustain gains above $60, with technical resistance and macroeconomic uncertainty weighing on sentiment.
Spot silver (XAGUSD) remained under pressure early in the session, reflecting cautious positioning ahead of key economic data later this week.