Actual
53.878
Daily Change
-0.71 -1.30%
Monthly
-15.58%
Yearly
10.88%
Q4 Forecast
59.568
Silver - Summary

Silver prices tumbled below $54 an ounce on Friday, reaching their lowest level since November 2025 as rising oil prices strengthened expectations that US interest rates will remain higher for longer. Brent crude climbed to a four-year high after Houthi attacks in Saudi Arabia heightened concerns over further energy supply disruptions. Meanwhile, hotter-than-expected US consumer and producer inflation data last week, largely driven by rising energy costs, reinforced the case for tighter monetary policy. However, the Fed is widely expected to leave rates unchanged at its October 27–28 meeting. Markets currently price in just a 10% chance of a rate hike next week, compared with 80% for December, according to CME’s FedWatch Tool. Investors are also awaiting US PCE inflation data on October 29 for further clues on progress towards the Fed’s 2% target.

Silver - Stats

Silver fell to 53.88 USD/t.oz on October 23, 2026, down 1.30% from the previous day. Over the past month, Silver's price has fallen 15.58%, but it is still 10.88% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Silver reached an all time high of 121.64 in January of 2026. Silver - data, forecasts, historical chart - was last updated on October 24 of 2026.

Silver - Forecast

Silver fell to 53.88 USD/t.oz on October 23, 2026, down 1.30% from the previous day. Over the past month, Silver's price has fallen 15.58%, but it is still 10.88% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver is expected to trade at 59.57 USD/t. oz by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 70.41 in 12 months time.



Price Day Month Year Date
Gold 3,993.96 -30.86 -0.77% -6.57% -2.87% Oct/23
Silver 53.88 -0.711 -1.30% -15.58% 10.88% Oct/23
Copper 6.48 0.1135 1.78% -3.69% 27.14% Oct/23
Steel 3,051.00 -5.00 -0.16% -1.80% -0.10% Oct/23
Lithium 97,000.00 -2350 -2.37% -27.15% 28.65% Oct/23
Platinum 1,562.40 -14.50 -0.92% -10.82% -1.98% Oct/23
Iron Ore 90.83 0.10 0.11% -6.50% -13.83% Oct/23


Silver
Silver is a widely traded precious metal with both industrial and investment applications. It is used extensively in electronics, solar panels, and medical technologies, while also serving as a store of value and portfolio diversification tool. As a result, silver prices are influenced by both industrial demand and investor sentiment. Silver futures and options are traded on major exchanges such as the COMEX, where they are used by mining companies, manufacturers, and investors to manage price risk. Standard futures contracts typically represent 5,000 troy ounces. On the supply side, Mexico, Peru, and China are the largest producers globally, followed by Australia, Chile, Bolivia, the United States, Poland, and Russia. Silver prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
53.88 54.59 121.64 3.53 1975 - 2026 USD/t. oz Daily

News Stream
Silver Falls to 2025 Lows
Silver prices tumbled below $54 an ounce on Friday, reaching their lowest level since November 2025 as rising oil prices strengthened expectations that US interest rates will remain higher for longer. Brent crude climbed to a four-year high after Houthi attacks in Saudi Arabia heightened concerns over further energy supply disruptions. Meanwhile, hotter-than-expected US consumer and producer inflation data last week, largely driven by rising energy costs, reinforced the case for tighter monetary policy. However, the Fed is widely expected to leave rates unchanged at its October 27–28 meeting. Markets currently price in just a 10% chance of a rate hike next week, compared with 80% for December, according to CME’s FedWatch Tool. Investors are also awaiting US PCE inflation data on October 29 for further clues on progress towards the Fed’s 2% target.
2026-10-23
Silver Languishes to Near One-Year Low
Silver prices fell to around $54 an ounce on Friday, hitting their lowest levels since November 2025 as a deepening selloff in technology and artificial intelligence stocks prompted traders to liquidate precious metals to cover losses in other assets. The broader equity downturn intensified this week after Meta Platforms’ plans to increase capital expenditure reignited concerns that technology companies may take on additional debt to fund the AI buildout. Silver also remained under pressure from rising oil prices, which heightened inflation concerns and strengthened expectations that interest rates could stay elevated for longer. However, growing doubts about the sustainability of AI investments, a key driver of US economic growth, prompted markets to scale back expectations for further Federal Reserve rate hikes, potentially providing some support for precious metals.
2026-10-23
Silver is down by 5.01%
Silver decreased 5.01% to 55.056 USD/t.oz
2026-10-22