Silver futures for July 2026 delivery on the Comex exchange saw a significant drop of over 5%, trading at $62.135 per troy ounce as of 10:00 Moscow time. Gold futures also experienced a decline.
Silver futures for July 2026 surpass $90/troy ounce for the first time since March 10, 2026, reaching $90.025 (5.18% gain) before narrowing to $89.78 (4.89% gain) by 7:20 PM Moscow time; gold futures for June 2026 up 0.46% to $4,708.4/troy ounce.
Gold futures for June 2026 delivery on the Comex exchange fell below $4,650 per troy ounce for the first time since April 13, 2026, trading down 1.19% at $4,638. Silver futures also declined sharply, down 2.52% at $73.135 per troy ounce.
Gold and silver futures declined on the Multi Commodity Exchange in a holiday-shortened trading week, with gold falling 1.23% to Rs 1.54 lakh per 10 grams and silver dropping 4.9% to Rs 2.44 lakh per kg. Analysts cited profit-taking after recent gains, a strong US dollar, and higher Treasury yields as key pressure factors. Markets await the Federal Reserve's April 29 FOMC meeting and progress in US-Iran peace talks, which could impact oil prices and safe-haven demand for precious metals.
Silver futures for May 2026 delivery on the Comex exchange dropped below $75 per troy ounce for the first time since April 13, 2026. The price fell 3.86% to $74.95 by 1:12 p.m. Moscow time, then extended losses to 4.66% at $74.33 by 1:23 p.m. Meanwhile, gold futures for June 2026 delivery declined 1.12% to $4,700 per troy ounce.
