Silver rose in Tuesday trading as the U.S. dollar and Treasury yields fell, with September inflation readings keeping the Federal Reserve's Oct. 27-28 policy meeting in focus.
FXStreet quoted silver (XAG/USD) near $57.90 at 12:11 p.m. ET (16:11 UTC) on Oct. 20, up 1.35% on the day at that point. Investing.com's historical entry for Oct. 20 separately showed $57.7870, up 1.19%. The FXStreet figure is an intraday quote, while the Investing.com figure is a daily table entry.
The U.S. Bureau of Labor Statistics reported that consumer prices rose 3.7% in the 12 months through September and 0.6% during the month before seasonal adjustment. Its final-demand Producer Price Index increased 1.3% in September on a seasonally adjusted basis and 6.3% from a year earlier without adjustment.
The producer index's monthly rise was its largest since March 2022, when it increased 1.7%, the bureau said. The inflation readings form part of the backdrop for the Fed's next rate decision.
A separate FXStreet market report placed the U.S. Dollar Index at 101.66, down 0.32%, and the 10-year Treasury yield at 5.123%, nearly two basis points lower. Those figures, like the silver quote, describe trading snapshots rather than final daily levels.
FXStreet noted that silver's dollar pricing and lack of interest payments can make it sensitive to currency and yield changes. The movements occurred together Tuesday, though the market snapshots do not establish how much either change contributed to silver's gain.
The later quote followed silver's earlier move above $57.50 in Tuesday trading. That earlier coverage used a separate morning price snapshot.
Initial U.S. jobless claims are due Oct. 22, followed by S&P Global's flash purchasing managers' index readings Oct. 23. The Federal Open Market Committee is scheduled to meet Oct. 27-28.
