Silver futures hit their lowest levels of the year as oil prices increase inflation risks, according to WSJ. The downturn in silver is mirrored by gold, which has moved toward its own 11 month lows. Market data indicates that precious metals have struggled to gain value both during periods of high interest rates and following recent rate pullbacks.
Friday, October 23, 2026
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Spot Silver Falls to $53.48 and Deepens 11 Month Low
Commodities6 hours ago
Market selling drove spot silver prices down an additional 2% on Oct. 23, ending the day at $53.48 per ounce. This decline follows a nearly 5% drop on Oct. 22 that brought the metal to $55.17 per ounce and established an 11 month low. Current prices are approximately 55% below silver's all time high of $121.
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