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CommoditiesMediumUpdated×2•Originally published 22 October 2026•Updated 23 October 2026•
1 min read

Silver Prices Plunge Over 5% Breaking Below $55 Level

Key Facts

1Silver futures settled down 4.6% in New York at $54.764 a troy ounce, marking the lowest close since November 2025.

Silver prices dropped more than 5% on Thursday, October 22, 2026, as the price broke below the $55 psychological level. The decline was driven by a strengthening US Dollar and a shift in investor preference toward Treasuries.

Silver previously settled at $54.764 per ounce, marking its lowest close since November 2025 before the latest acceleration in selling pressure. The downward move is compounded by rising oil prices fueling inflation risks, which impacts the Federal Reserve's policy path and reduces the appeal of non-yielding assets like silver.

Latest Updates · 1

  1. Notable·

    Update: India issued permits for the import of 6,500 tonnes of silver over a six-month period on October 23, 2026. This move is expected to impact physical demand dynamics in global markets following the recent price decline.