Silver (XAG/USD) traded in a volatile range near $57–58 per ounce during the week of October 12, 2026, after falling sharply to around $55.40 mid-week before recovering amid mixed safe-haven flows. Hotter-than-expected September CPI data (3.7% y/y headline, 2.6% core) lifted implied probabilities of an October or December Fed rate hike, supporting the dollar and Treasury yields while pressuring non-yielding metals. Escalating Middle East tensions, including shipping disruptions in the Strait of Hormuz, and equity market weakness provided counterbalancing demand. Industrial demand forecasts remain soft, with the Silver Institute projecting a narrower 2026 supply deficit of 46.3 million ounces, while the upcoming late-October FOMC meeting and fresh economic releases will shape near-term rate expectations and price direction.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedView resolved

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