Why silver fell further than gold

Silver fell below $50 an ounce on Friday 30 October for the first time since November 2025, as a sell-off in precious metals gathered pace alongside rising oil prices and hardening bets on another US interest rate rise.

Spot silver slid 5.8% to $49.34 an ounce, MINING.COM reported, and was down roughly 18% for the month. TradingView News, carrying Seeking Alpha coverage, reported front-month Comex silver sliding to $49.89 an ounce, also below $50 for the first time since November 2025.

Gold also fell on Friday, but silver fell harder. MINING.COM reported spot gold down 2.7% at $3,910.53 by late morning in New York, after touching $3,891.67, its weakest since October last year.

Analysts cited by the reports linked the metals sell-off to stubborn inflation worries and expectations that US interest rates could stay higher for longer, with higher oil prices feeding inflation expectations. A deepening rout in technology stocks also forced some investors to sell metals to cover losses elsewhere, MINING.COM reported.

What the $50 level means

The $50 mark had acted as a level traders watched closely, and breaking it put silver back to levels last seen in November 2025. The slide also pushed the gold-silver ratio to its highest since December, according to the reports.

Silver's slide also dragged mining shares lower, with producers down as much as 8% in the MINING.COM report. This article reports market prices only and is not investment advice.

Sources: MINING.COM | TradingView News (Seeking Alpha)