Silver Plunges 16% in a Month as Bearish Trend Persists

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June 8, 2026 Silver prices have declined more than 16% over the last month, extending a precipitous slide that has left the metal in heavily oversold territory. The latest report showed that silver was last seen trading at $67.5 on the one-hour chart.

This comes after a period of heightened volatility in the precious metals markets, with selling pressure being the dominant force behind recent trading activity.

Technical Indicators Point to a Bearish Trend

Technicals suggest silver still very much in a bear phase. The SuperTrend indicator and the Ichimoku Cloud are still showing bearish momentum and prices are still below important resistance levels.

Meanwhile, an ADX reading above 59 signals a strong and persistent trend showing that selling pressure continues to be the driving force even as the oversold conditions become more and more so.

Oversold Conditions Raise Rebound Risk

But given the bleak outlook, the momentum indicators suggest that silver is massively oversold. The Relative Strength Index (RSI) and Money Flow Index (MFI) have both fallen into area typically associated with tired selling pressure.

Such situations can sometimes lead to short-term rallies but not necessarily a reversal of the overall trend, analysts said.

Heavy Selling Volume Signals Capitulation

Recent sessions have been characterized by a higher volume of selling, suggesting some investors might be aggressively taking profits from their holdings. "This behavior is sometimes seen by market analysts as a potential sign of surrender at the end of a steep downturn.

Market Watches Key Support Levels

For the time being, traders are focusing on whether silver can stabilize following its sharp monthly loss. While oversold readings may support transitory recoveries, technical indicators point to a negative future unless the metal reclaims key resistance levels.