BlockBeats news, on June 8, according to macro strategy analyst Mike McGlone of Bloomberg Intelligence, silver rose over 60% at one point in 2026, but as of June 5, it has turned from gains to losses. In his latest analysis, he noted that this reversal may not only affect silver itself but could also exert spillover pressure on gold and broader risk assets.
According to its published chart, silver prices have shown a clear turning point at recent highs after years of cyclical fluctuations, quickly reversing this year’s gains and demonstrating some synchronization with inflation indicators and risk asset cycles. McGraw believes this shift in price behavior may suggest weakening inflation trade momentum and could signal a partial return to deflation, potentially exerting downward pressure on risk assets such as stocks.