XAGUSD Forecast for June 30, 2026
Silver remains within a bullish margin cycle. During the recent retracement, the metal did not even breach the 1/2 margin level.
Price action has currently stalled at the balance levels.
The full margin move of the bullish cycle targets the 61.65 area.
The Iranian Deputy Foreign Minister stated that the country remains steadfast regarding its control over maritime traffic in the Strait of Hormuz. As part of the upcoming negotiations with the U.S. on ending the war, Iran intends to maintain this control.