International silver prices remained under pressure, with the metal extending losses for a third straight session. Spot silver fell more than 1% to around USD 51 per ounce, while COMEX silver futures were up 0.99% at USD 50.56 per ounce at 1:59 GMT, according to the market update cited in the report.
Precious metals fell amid inflation concerns and moves in the US dollar. The report noted that hotter-than-expected US inflation had pushed the dollar close to its highest level since April 2025. A stronger dollar can make commodities priced in the currency more expensive for holders of other currencies, weighing on demand.
Market participants are also watching US producer price data for further clues on inflation and the likely direction of interest rates. The report cited PL Capital’s Ashish Rajodia, who said the inflation reading had raised expectations of a Federal Reserve rate hike in December.
The cited projections put the probability of a 25-basis-point increase at 87%, while the likelihood of a 50-basis-point hike stood at 13%.
