Silver fell 1.16% on Oct. 23 to a daily low of $53.0273 per troy ounce, closing at $53.9199 according to Investing.com data. FXStreet cited $50 as a possible reference if silver moved below $53, while its technical section identified $53.50 as support and $53.05 as the year-to-date low. Analyst Christian Borjon Valencia said the Relative Strength Index showed continued pressure on silver and was nearing oversold territory; a move above $55 would strengthen the case for a bullish reversal, with $58.02 and $60 as higher references. CME Group reported active silver futures fell 9.6% from August to September, settling at $60.565 an ounce, citing the Fed's 25-basis-point rate increase, elevated energy prices, inflation concerns and a stronger dollar as headwinds, with the next Fed decision listed for Oct. 28.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Silver Falls 1 . 16 % as FXStreet Identifies $50 Technical Level
Read the original on econotimes.com ↗
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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