Silver Trapped at the $69 Floor: How the 4.2% Inflation Spike and US-Iran Peace Deal Impact Your Trade

Silver (XAG/USD) is locked in a tight, high-stakes battle on the charts, trading at $69.82 on the hourly frame as of June 16, 2026. While the metal has dropped slightly from its recent $71.42 highs, it has found precise technical support directly on a well-defined ascending channel floor near $69.08.