Silver Price Forecast: XAG/USD is Coiling at $67.60 After Middle East Missiles and a 172K Jobs Shock

From fxleaders.com

Silver is in a battle for its life. On Monday, June 8, 2026, the spot price of silver was compressed in a very narrow intraday price range, trading around $67.60 an ounce. Market makers are caught between a rock and a hard place as Middle Eastern hostilities reignite demand for precious metals for hedging purposes, and the U.S. economy adds 172,000 jobs in May, signaling no immediate relief for interest rates which remain at their highest levels since the early 2000s. Geopolitical tensions on Monday were the result of the ceasefire between the United States and Iran, as the truce has already been in effect for 10 ... (full story)