On October 14, silver fell more than 6% to below USD 55.6/ounce, its lowest level in three months, while gold dropped nearly 1.5% below USD 4,100/ounce. The same day, BlackRock's iShares Silver Trust (SLV), the world's largest silver ETF, net bought nearly 13 tonnes, bringing its holdings to about 15,370 tonnes after two earlier sessions totaling over 25 tonnes. The sell-off followed a hotter-than-expected September U.S. CPI, up 3.7% year on year against a 3.6% forecast, with core inflation at 2.6% and gasoline up 9.1%. Higher Treasury yields and a stronger dollar raised expectations of a Fed rate hike in October, with Kitco's estimated probability rising from 21% to 47%. Technically, USD 55/ounce is a key support level, with a possible drop toward USD 52, while resistance sits at USD 56.55-57.64/ounce.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá bạc lao dốc, quỹ bạc lớn nhất thế giới tranh thủ "gom" hàng chục tấn
Related news
- The world's largest silver fund unexpectedly bought more than 136 tonnes in a single session. What's going on?
The iShares Silver Trust (SLV), the world's largest silver ETF managed by BlackRock, bought a net of more than 136 tonnes of silver on October 15, following net purchases of 12.63 tonnes and 12.69 tonnes on October 13–14, lifting its holdings to about 15,510 tonnes. Spot silver fell about 6.6% to $55.6/ounce on October 14 after a hotter-than-expected US inflation report, then rebounded about 3% to $57.4/ounce on October 15 as the US dollar weakened and Treasury yields eased. US producer prices in September rose 1.3% month-on-month and 6.3% year-on-year, while CPI rose 0.6% and 3.7%, yet markets still expect the Fed to hold rates at its October 27–28 meeting. The article says weak industrial silver demand remains a limiting factor for the outlook.
- World's largest gold fund net buys more than 2 tonnes of gold in a single day
Gold prices on Kitco eased about 0.6% in the October 12 session to $4,172 an ounce, after a sharp rally the previous week. In the same session, SPDR Gold Trust, the world's largest gold fund, bought a net 2.3 tonnes of gold and now holds about 1,055 tonnes. Markets price in roughly a 17% chance of a Fed rate hike in October and an 87.7% chance of at least one hike before December, so gold is focused on whether upcoming September CPI data revives the year-end tightening path. The 10-year U.S. Treasury yield around 5.24% is also weighing on gold through real yields. Some analysts say gold may need to retest support near $4,000 an ounce, while another notes its rebound has lost momentum.
- Gold and Silver Prices Plummet This Week
According to the India Bullion and Jewellers Association (IBJA), gold fell by ₹3,000 and silver by over ₹10,000 this week. The 24-carat gold price dropped to ₹1,46,426 per 10 grams from ₹1,49,430, and silver fell to ₹2,10,918 per kilogram from ₹2,21,109. Internationally, gold is around $4,186 per ounce and silver about $57. Experts attribute the decline to rising crude oil prices, which strengthened the dollar, and to the prospect of higher interest rates due to inflation, which prompted investors to sell.
- Stock Market Swings On AI Fears , Tumbling Treasury Yields ; Taiwan Semi , ASML , JPMorgan In Focus : Weekly Review
- Hedge funds cut dollar exposure as Treasuries regain …
Hedge funds closed out long US dollar positions on Thursday as US Treasuries rallied amid a global equity selloff, with investors returning to government bonds as a safe haven. The benchmark 10-year Treasury yield fell 10 basis points to 5.09% in Asian trading, its lowest in three weeks, after a sharp selloff had pushed yields to multi-year highs. A Bloomberg Treasury index rose almost 0.7% in October after a 2.2% fall in September; if sustained, it would be the strongest October for US government bonds since 2014. Still, inflation and heavy debt issuance remain risks, as US consumer prices rose at their fastest pace in five months in September. The Bloomberg Dollar Spot Index fell 0.3%, while the euro gained 0.5% and the Swiss franc 0.6%.
- Exchange-Traded Funds Lower as US Equities Drop After Midday
Related markets
Latest news
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers
At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.
- UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.
UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.
- What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?
X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.