Silver slides over 3% as hot US CPI lifts Fed hike bets: Nov 12, 2026
Silver fell more than 3% alongside a drop of over 2% in gold after US October headline and core CPI beat expectations with a 0.4% monthly rise. The hotter inflation data lifted bets on a December Federal Reserve rate hike to 100% amid rising US yields, though silver had earlier been noted above $52. Precious metals stayed under pressure as energy prices extended losses.
Updated
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Headlines (8)
Carried over from earlier days
- Silver Rebounds with Gold, but Gold/Silver Ratio Warns of Further UnderperformanceActionForex
- Energy prices deepen losses while precious metals edge loweraa.com.tr
- US Oct headline, core CPI beat views; spot gold dives over $30 to $4,046/oz, silver down over 3%flash.jin10.com
- Gold plunges over 2% as US inflation exceeds expectationsaa.com.tr
- Overnight news: Nvidia down over 9% in two days, Anthropic enters Office, US delays AI compute futurescls.cn
- China Oct Trade Up 31.2%, US Oct CPI Beats Expectations Lifting Fed Hike Betsflash.jin10.com
- US October CPI rises 0.4% topping estimates, traders hold December Fed hike bets at 100%cls.cn
- Silver defies rising US yields, climbs above $52 despite Fed rate-hike betsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 12 | ||
| Unemployment Claims | 194K | USD |
| FOMC Member Hammack Speaks | USD | |
| Existing Home Sales | 3.89M | USD |
| FOMC Member Barr Speaks | USD | |
| Mortgage Delinquencies | USD | |
| FOMC Member Goolsbee Speaks | USD | |
| Crude Oil Inventories | -0.6M | USD |
| 30-y Bond Auction | USD | |