Silver Falls Below $50
2026-11-13 14:12
By
Joana Ferreira
1 min. read
Silver fell below $50 an ounce, hovering near levels last seen in November 2025, as the USD strengthened and Treasury yields rose amid expectations of more aggressive Federal Reserve tightening.
Meanwhile, higher oil prices amid fading hopes for peace in the Middle East added to inflationary concerns.
Data this week showed US consumer prices rose 0.4% in October, slightly above forecasts, while producer price inflation eased more than expected to 0.3%, although September's reading was revised higher.
Adding to the pressure, silver demand is expected to decline by 5% in 2026 to 1.08 billion troy ounces, according to research by consultancy Metals Focus for the Silver Institute.
Markets are pricing in an 89% chance of a 25-basis-point rate hike in December, while the probability of a larger 50-basis-point increase stands at 11%.
New York Fed President John Williams further reinforced the hawkish outlook, signaling that additional rate hikes may be needed to bring inflation under control.