Silver May 2026 futures (SI=F) dropped 9.13% to close at $77.16 on May 15, 2026. This decline extends a two-day retreat from the May 13 peak of $88.89. Prices reversed from a weekly range of $85–89 to the high $70s, signaling aggressive profit-taking and rising volatility.
The U.S. dollar index rallied to a 2.5-week high following robust Empire manufacturing data. Manufacturing production recorded its largest increase in 14 months. Concurrently, the 10-year Treasury yield jumped to 4.60%.
A stronger dollar and higher yields pressured the non-yielding metal. Slumping equities and increased demand for dollar liquidity further weighed on prices. These macroeconomic factors combined to reverse recent gains in the precious metals sector.