Silver Falls as Precious Metals Slide After a Hotter October CPI — November 10, 2026

Precious metals fell sharply on Tuesday, November 10, 2026, with silver leading the decline. In U.S. dollar terms, spot silver fell 3.78 percent from the previous close to $51.53 an ounce as of 11:25 AM ET, with gold down 2.72 percent to $4,028.60 and platinum down 2.59 percent to $1,542.00. In Canadian dollars, as of 11:25 AM ET, gold stood at C$5,723.20 an ounce, silver at C$73.08 an ounce, and platinum at C$2,187.71 an ounce on Gold Stock's live Canadian pricing. Against the previous close on that pricing, silver is down 3.06 percent from C$75.39, gold is down 2.07 percent from C$5,844.27, and platinum is down 1.82 percent from C$2,228.37. The sell-off followed the U.S. October consumer price index, which rose 0.4 percent in the month, above the 0.3 percent economists expected, while core prices rose 0.3 percent for a third straight month. Shelter costs accounted for more than 30 percent of the monthly rise. The hotter report lifted expectations for another Federal Reserve rate increase at the December 8–9 meeting: before the release, futures markets put the odds of a quarter-point increase at about 84 percent, and Federal Reserve Governor Christopher Waller had said a half-point increase should be considered if core inflation came in at about 0.3 percent or higher. Treasury yields climbed, adding pressure on metals. Attention now turns to Friday's October producer price index. What it means for buyers: Canadian prices — gold near C$5,723, silver near C$73, and platinum near C$2,188 an ounce — are all below the previous close, so buyers adding physical metal today are paying less than they would have yesterday. A market that can fall this quickly can also rebound just as quickly, so staging purchases in tranches rather than all at once is a measured way to build a position while this volatility lasts. Confirm the live price at the time of purchase, as intraday moves of this size change totals quickly. What it means for sellers: the decline has reduced the value of coins, bars, jewelry, and scrap compared with the previous close. Anyone considering a sale should lock in a live quote, since prices are moving quickly in both directions and there is no way to know how long any single level will hold. Gold Stock Corp serves customers across Canada from its three branches in Mississauga, Malton, and Vancouver, and online at goldstocklive.com. Walk-ins are welcome, and our team can quote live buying and selling prices on gold, silver, and platinum throughout the trading day. Live prices: https://www.goldstocklive.com