Silver Slips on Rate-Hike Fears

2026-10-21 13:10 By Joana Ferreira 1 min. read

Silver prices stayed below $58 an ounce on Wednesday as elevated oil prices heightened inflation concerns ahead of next week’s Federal Reserve meeting.

The metal has faced sustained pressure in recent weeks as expectations of further monetary tightening weighed on demand for non-yielding assets.

Markets expect the Fed to hold interest rates steady on October 28, while pricing in a potential hike in December amid persistent price pressures.

Investors are also awaiting next week’s US PCE inflation report, the Fed’s preferred measure of inflation.

Recent stronger-than-expected US consumer and producer inflation data have reinforced concerns that rising energy costs could keep inflation elevated.

Meanwhile, UK inflation climbed to an 11-month high of 3.5% in September, strengthening expectations that the Bank of England could raise interest rates as soon as November.



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