Silver Heads for Weekly Decline

2026-10-02 01:06 By Jam Kaimo Samonte 1 min. read

Silver fell to around $60.5 an ounce on Friday and was set to lose nearly 6% for the week, pressured by higher oil prices amid concerns over a potential escalation in the US-Iran conflict.

The metal also faced headwinds from a stronger dollar and elevated Treasury yields as investors assessed the latest Federal Reserve commentary and awaited a key US jobs report.

Oil prices rose as the US considered deploying an additional aircraft carrier and 10,000 troops to the Middle East, raising the risk of further disruptions to regional energy supplies and renewed inflation pressures.

Meanwhile, investors looked ahead to the September US jobs report, which could influence expectations for the Fed’s policy path.

On Thursday, Fed Vice Chair Philip Jefferson said policymakers may need more time to determine whether further rate hikes are warranted.

Markets are currently pricing in roughly a 75% probability that the Fed will leave interest rates unchanged this month.



News Stream
Silver Heads for Weekly Decline
Silver fell to around $60.5 an ounce on Friday and was set to lose nearly 6% for the week, pressured by higher oil prices amid concerns over a potential escalation in the US-Iran conflict. The metal also faced headwinds from a stronger dollar and elevated Treasury yields as investors assessed the latest Federal Reserve commentary and awaited a key US jobs report. Oil prices rose as the US considered deploying an additional aircraft carrier and 10,000 troops to the Middle East, raising the risk of further disruptions to regional energy supplies and renewed inflation pressures. Meanwhile, investors looked ahead to the September US jobs report, which could influence expectations for the Fed’s policy path. On Thursday, Fed Vice Chair Philip Jefferson said policymakers may need more time to determine whether further rate hikes are warranted. Markets are currently pricing in roughly a 75% probability that the Fed will leave interest rates unchanged this month.
2026-10-02
Silver Rebounds From Two-Month Lows
Silver climbed back above $61 an ounce on Thursday, attempting to recover from near two-month lows after softer-than-expected US inflation data reduced expectations of a Federal Reserve rate hike in October. Gains were limited, however, by higher Treasury yields and a stronger dollar. US inflation rose less than expected in August, while the previous month’s price pressures were revised lower. Markets now see less than a 40% chance of an October hike, while still pricing in nearly a 90% probability of a December increase. 10-year Treasury yields reached their highest level since 2002, increasing the opportunity cost of holding non-yielding silver, while a firmer dollar also weighed on the metal. Focus now turns to Friday’s September nonfarm payrolls report, expected to show a gain of around 90,000 jobs, along with comments from Fed policymakers. US-Iran talks on reopening the Strait of Hormuz and ending the Middle East conflict also remain stalled.
2026-10-01
Silver Gains on Soft US PCE Inflation Data
Silver rose above $61 an ounce on Thursday, rebounding from two-month lows as softer-than-expected US PCE inflation data reduced expectations for a Federal Reserve interest rate hike this month. The US PCE price index rose 0.3% in August, below the 0.4% forecast, while core PCE increased 0.2%, also coming in below expectations for a 0.3% gain. Markets now see roughly a 38% chance of a Federal Reserve rate hike in October, down from 51% before the PCE release. Oil prices also eased amid signs of improving energy flows from the Middle East, despite continued deadlock in US-Iran negotiations. Meanwhile, Treasury yields remained near multi-decade highs amid concerns over persistent energy-driven inflation, which could lead to tighter monetary policy. Traders continue to price in around a 97% probability of a Fed rate increase in December.
2026-10-01