Prop firm news

Fed rate hike expectations pushed silver price down to $52.34 — an 11-month low

On Thursday, October 29, XAG/USD broke below the lower boundary of the yearly range at $52.60 and fell to $52.34 — the lowest level since November 2025. Pressure comes from the prospect of another Fed rate hike in December.

In four days, the silver price fell by 5.9% and dropped below $57

On October 16, silver (XAG/USD) closed the day down 0.77% at $56.86 per ounce. From $60.45 on October 12, the metal has lost $3.59, that is, about 6% in a week.