$66 Silver Breakdown Puts Metal's Rebound Under Fresh Pressure

Silver prices dropped to $65.27 an ounce on September 10, breaking below the $66 area that buyers had defended just days earlier.

This decline is significant because it's happening in a macro environment that would normally be considered calm for silver. However, with oil remaining above $100, Treasury yields rising, and investors questioning whether the Federal Reserve may need to tighten policy again, the metal's recent rebound is under pressure.

Silver had been attempting to stabilize after its volatile 2026 reversal, but the September 8 price forecast already identified the $63-$66 region as a key short-term base. With $66 now breached, the lower part of that range is suddenly more relevant.

The technical map has changed quickly, and traders are now watching whether selling accelerates toward $63, with the previous support around $62.54 sitting just below it.