Silver Just Got CRUSHED! Down Aver 5% — Here's Why
1 extracted signal · 1 resolved · 0 still active
SalivateMetalIndependent analyst profile- Source published
- 28 Sept 2026, 20:59 UTC
- Recorded by Tahlil Plus
- 29 Sept 2026, 01:05 UTC
AI-generated source summary
Silver has experienced a significant drop of 5.5% this morning, falling to $26.46, while gold has also seen a decline of 3.8% to $1818.5. This downward movement in precious metals is attributed to a combination of factors. The US dollar index (DXY) is trading strong at 101.40, and treasury yields are also on the rise, with the 10-year yield at 4.28% and the 30-year yield at 4.42%. This suggests a risk-off sentiment in the market, which typically benefits the dollar and US treasuries over precious metals. Additionally, the market is pricing in a higher probability of a Federal Reserve rate hike in October, with odds increasing to 68%. This aggressive monetary policy stance is putting pressure on non-yielding assets like silver and gold. The gold-silver ratio has widened to 68.95, indicating silver is underperforming gold. The key support level for silver is seen around $24.86, and a break below this could lead to further downside. For gold, support is noted at $1760.0, with resistance around $1850.0. The overall outlook for precious metals remains bearish in the short to medium term, given the prevailing macroeconomic conditions and monetary policy expectations.
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