Silver Prices man

Silver prices averaged USD 57.67 per troy ounce in October, down 11.1% from September. On 30 October, the commodity traded at USD 50.30 per troy ounce, down 18.0% from 30 September.

In October, average silver prices declined for the second consecutive month, extending its losses to seven of the first ten months of 2026. Like gold, silver was pressured by a stronger U.S. dollar, elevated oil prices and expectations of higher interest rates, which reduced investment demand. However, losses were more pronounced as silver also serves as an industrial metal. High oil prices fueled inflation concerns and global GDP growth fears, weighing on silver through expectations of weaker industrial demand.