Silver Slides to Near Three-Month Low

2026-10-22 13:07 By Joana Ferreira 1 min. read

Silver prices fell below $56 an ounce on Thursday, approaching a three-month low as rising oil prices fueled inflation concerns ahead of next week’s Federal Reserve policy decision.

Brent crude climbed to its highest level since May following renewed Houthi attacks in Saudi Arabia, raising fears of a broader regional escalation and further disruptions to oil supplies.

Stronger-than-expected US consumer and producer inflation data, alongside falling weekly jobless claims, pointed to persistent price pressures and a resilient labor market, reinforcing expectations of tighter monetary policy.

While the Fed is widely expected to hold rates at its October 27–28 meeting, Goldman Sachs anticipates another 25-basis-point hike in December, with markets pricing in an over 85% probability of an increase, according to CME’s FedWatch Tool.

Investors now await next week’s PCE price index, the Fed’s preferred inflation gauge, for further clues on the interest rate outlook.



News Stream
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