Silver trades near $70 per ounce in mid-June 2026 after a sharp 2025 rally and early-2026 peak above $100, with futures for later months implying modest near-term consolidation. Persistent structural deficits, industrial demand from solar, EVs, and AI data centers, and a sixth consecutive annual supply shortfall continue to underpin prices, while recent U.S.-Iran ceasefire developments eased inflation-driven support and contributed to a daily rebound. Analyst forecasts cluster around $75–$85 averages for 2026, with Q2 estimates near $75, though elevated bond yields, shifting rate expectations, and potential de-hoarding could pressure spot levels through month-end. Traders weigh these fundamentals against historical volatility when assessing the narrow window to June 30 resolution.