Silver Prices Fall More Than 2%
Silver prices tumbled below $52 an ounce on Tuesday as hotter-than-expected US inflation figures and hawkish comments from Federal Reserve Governor Christopher Waller strengthened expectations of further monetary tightening in December, including the possibility of a 50-basis-point hike. US headline inflation slowed to 0.4% month-on-month in October 2026, from 0.6% in September, but came in above forecasts of 0.3%. Core inflation also remained elevated at 0.3% for a third consecutive month, exceeding expectations of 0.2% and highlighting persistent underlying price pressures. Waller signaled support for a December rate increase, adding that he would back a 50-basis-point hike if inflation continued to accelerate. Markets are now pricing in approximately 28 basis points of tightening, fully reflecting a quarter-point increase while leaving room for a larger move.
Silver prices tumbled below $52 an ounce on Tuesday as hotter-than-expected US inflation figures and hawkish comments from Federal Reserve Governor Christopher Waller strengthened expectations of further monetary tightening in December, including the possibility of a 50-basis-point hike. US headline inflation slowed to 0.4% month-on-month in October 2026, from 0.6% in September, but came in above forecasts of 0.3%. Core inflation also remained elevated at 0.3% for a third consecutive month, exceeding expectations of 0.2% and highlighting persistent underlying price pressures.
Waller signaled support for a December rate increase, adding that he would back a 50-basis-point hike if inflation continued to accelerate. Markets are now pricing in approximately 28 basis points of tightening, fully reflecting a quarter-point increase while leaving room for a larger move.