Silver's early gain narrowed by late Oct. 19 while U.S. Treasury yields rose, drawing attention to the interest-rate backdrop before the Federal Reserve's next scheduled policy meeting.
Kitco displayed a silver spot bid of $56.97 per troy ounce at 5 p.m. EDT, up 0.19% on its daily measure. At 5:46 a.m. EDT (09:46 UTC), its bid was $57.43, with a displayed gain of 1%, as EconoTimes reported in its earlier coverage of silver's morning rise. The readings capture different points in the trading day.
FXStreet analyst Vishal Chaturvedi reported a quote near $57.65, up about 1.15%, in an analysis published at 8:36 a.m. EDT (12:36 UTC). That quote and Kitco's bids came from different providers and should not be treated as one price series.
The U.S. Treasury put the 10-year nominal par yield at 5.15% for Oct. 19, compared with 5.09% on Oct. 16. Its 10-year real par yield, which adjusts for inflation, rose to 2.80% from 2.74% over the same dates. Silver pays no interest, so higher yields can make bonds relatively more attractive. The figures do not establish what drove silver's trading.
The London Bullion Market Association recorded a silver benchmark high of $70.26 per troy ounce on Aug. 28 and a price of $60.730 on Sept. 30. Those auction benchmarks provide historical context but are a different measure from the Oct. 19 spot bids.
Chaturvedi described silver's chart as a descending channel, with $55 as initial support and $60 as resistance. FXEmpire analyst Christopher Lewis viewed the $55–$60 range as a possible area of demand, though he said a move below $55 would weaken his outlook. Both assessments are interpretations, not established price limits.
The Federal Open Market Committee raised the target range for the federal funds rate by 0.25 percentage point to 3.75%–4% on Sept. 16. Its minutes show most participants expected another increase before year-end but planned to reassess new information at future meetings. The committee's next scheduled meeting is Oct. 27–28.
