Spot silver fell 2.29% to $50.95, its lowest since November 2025 and about 58% below its $121.64 record set in January. The sell-off is driven mainly by expectations of Fed rate hikes: the Fed held rates at 3.75% to 4.00% with two members dissenting in favor of an immediate hike, and CME FedWatch puts the chance of a December hike at roughly 75%. Silver pays no yield, so rising rates raise the cost of holding it, and hot data, including 3.6% annual PCE inflation and 3.4% annualized third-quarter GDP growth, reinforce that outlook. Leveraged speculators and an expected 30% drop in solar-panel demand this year, according to JPMorgan, add further pressure. Silver is 25% below its 200-day moving average, but a turnaround would likely require holding $50 and December hike odds dropping well below 75%.
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/29/2026 | 4,014.37 |
| Change that session | -1.02% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/29/2026 | 4,007.09 |
| Change that session | -1.03% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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