Silver Slips 9.9% in a Month as Stubborn Inflation Clouds the Fed's Next Move

Silver Loses 6.6% in a Week as US Inflation Weighs on Prices

Marsad Al Dahb reported that silver prices in the local market fell by about 1.5% during the week ending Saturday evening, while the ounce on the global exchange dropped by about 6.6% during the week ending Friday, under pressure from US inflation data that reinforced concerns over the continuation of tight monetary policy and brought the possibility of interest-rate hikes back into investors' calculations.

U.S. Inflation Data Raise Odds of Another Fed Rate Hike This Year

Markets put the chance of another increase this year at 70% to 80%, while futures showed about 27% odds of a move in October.

Silver Slips 9.9% in a Month as Stubborn Inflation Clouds the Fed's Next Move

A hotter-than-expected US inflation reading has knocked silver off balance, with the metal ending Friday at $57.13 an ounce — a modest 0.8% daily decline that caps a 9.9% slide over the past 30 days. The trigger came midweek, when US authorities reported a 3.7% year-on-year rise in the September consumer price index. Economists had […]

Silver Price Falls Below $57 as December Fed Hike Odds Reach 90%

Silver prices reversed an early Friday advance and slipped below $57 per ounce on October 16, extending a difficult week for precious metals as stronger-than-expected US inflation data reinforced expectations of another Federal Reserve interest rate increase before year-end. Kitco quoted spot silver at a bid price of $56.86 per ounce and an ask of $57.11 at 4:11 p.m. Eastern time, with the bid down 0.77% on the day. Earlier, Reuters reported sil…