Silver Holds the 62 Support as Prices Swing in a 62–90 Range

Silver is testing a key support level at 62, with price action framed by a broad 62–90 range and a central battleground at 76.9. The next major macro catalyst is the June 16–17 Federal Reserve FOMC dot plot, the first rate-path projection under incoming Fed Chair Kevin Warsh, alongside uncertainty around a U.S.–Iran ceasefire and potential energy-supply disruptions in the Strait of Hormuz. Hotter-than-expected CPI, elevated real yields and a strong U.S. dollar are pressuring the metal, even as the longer-term industrial demand backdrop remains constructive.