Beginner's Guide · Read the direction behind the numbers
What Moves Silver
Silver is both a precious metal and an industrial one — about half its demand is industrial. It follows gold, but adds a layer of the economic cycle.
Next release:Oct 28 2:00 PM ET · Fed Rate Decision · TodayCalendar →
We don’t republish silver prices (the benchmark requires a license). For the latest benchmark price, switch to Silver at LBMA →
Bullish · Current level is supportiveBearish · Current level is a headwindTwo-way · Neutral range, or depends on contextNo live data · Rules on the back
Card color shows whether the current level helps or hurts this asset; the arrow is the change from the previous reading · ↻ Tap a card for its definition, color rule & impact · ⓘ Hover for a quick noteHow are colors decided? →
Silver = precious metal + industrial metal. Almost everything that moves gold (rates, the dollar, safe-haven flows) applies to silver too, but silver adds a layer of industrial demand and usually swings more sharply than gold.
— Factors Shared with Gold
Real Interest Rate
Current
2.66%
Also weighs on silver
Prev. 2.66% · → unchanged
As of Oct 26
Bearish↻
↻ Back
Real Interest Rate
Silver is also a non-yielding precious metal; rising real rates raise its holding cost too.
How the color is set · < 0% Bullish · 0–1.5% Two-way · ≥ 1.5% Bearish
When industrial use persistently exceeds output and recycling, the structural shortage provides long-term support for silver.
▲Widening deficit → bullish
▼Surplus → bearish
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