Silver underperforms gold as US data takes centre stage
Gold and silver prices have diverged, with silver losing more ground. The gold/silver ratio sits at 68.4, and upcoming US data could determine whether the trend continues or reverses.
Gold Market
Gold and silver prices have diverged, with silver losing more ground. The gold/silver ratio sits at 68.4, and upcoming US data could determine whether the trend continues or reverses.
Gold and silver prices dropped sharply on MCX as higher oil prices revived inflation concerns and boosted expectations of further US Federal Reserve rate hikes. Rising bond yields and a firm dollar added to the pressure.
Market analyst Ira Epstein observes a resurgence in gold, silver and copper. Silver is currently outperforming gold, while tariff changes and upcoming economic data may influence prices.
Silver dropped nearly 3% on Wednesday as a hawkish Fed pushed the dollar to a two-month high. Despite the sell-off, the metal remains within its mid-August range, though the 4-hour chart shows growing bearish pressure.
Gold and silver saw increased trading volume even without fresh economic data on Yom Kippur. Analyst Ira Epstein points to geopolitical talks and yield curve shifts as key influences.
Gold holds key support at $4,100 and eyes new highs above $5,200. Silver needs to break $106. Global interest rate hikes and record diesel prices add pressure to stocks.
Central bank buying, dollar moves, crude oil, and seasonal demand are shaping the outlook for gold and silver through 2026 and beyond. Here’s what’s driving prices.
MCX gold and silver futures saw mixed moves in early trade on 18 September as a drop in crude oil prices and a steady dollar offered support, while US-Iran tensions kept caution alive.
Gold, silver and crude oil remain in focus as markets digest the latest US Fed rate hike. Analyst Vandana Bharti shares key levels and the outlook through 2026.