Silver Steadies as Oil Prices Retreat

2026-10-15 01:56 By Jam Kaimo Samonte 1 min. read

Silver steadied above $56 per ounce on Thursday after a sharp fall in the previous session, as crude oil ended its five-day rally, easing pressure across other markets.

A softer dollar and retreating bond yields also provided support to metals.

However, expectations of more aggressive Federal Reserve rate hikes continued to weigh on sentiment following hotter-than-expected US inflation data.

The US Consumer Price Index rose to 3.7% in September, its highest level in four months and above market forecasts of 3.6%, largely driven by rising energy costs.

Federal Reserve Bank of Chicago President Austan Goolsbee described the figures as “discouraging” and cautioned that the rapid expansion of artificial intelligence infrastructure could also be overheating the economy.

Meanwhile, San Francisco Fed President Mary Daly indicated that the central bank may need to raise short-term interest rates further, although she saw no immediate need for a rate hike at this month’s meeting.



News Stream
Silver Steadies as Oil Prices Retreat
Silver steadied above $56 per ounce on Thursday after a sharp fall in the previous session, as crude oil ended its five-day rally, easing pressure across other markets. A softer dollar and retreating bond yields also provided support to metals. However, expectations of more aggressive Federal Reserve rate hikes continued to weigh on sentiment following hotter-than-expected US inflation data. The US Consumer Price Index rose to 3.7% in September, its highest level in four months and above market forecasts of 3.6%, largely driven by rising energy costs. Federal Reserve Bank of Chicago President Austan Goolsbee described the figures as “discouraging” and cautioned that the rapid expansion of artificial intelligence infrastructure could also be overheating the economy. Meanwhile, San Francisco Fed President Mary Daly indicated that the central bank may need to raise short-term interest rates further, although she saw no immediate need for a rate hike at this month’s meeting.
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Silver Falls Below $58
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