Silver slides, gold eases
Silver fell back below recent highs while gold eased from near one‑week peaks after failed talks raised oil and dented Fed‑cut expectations, with the stronger dollar cited as a headwind for bullion in some markets. Indian commodities markets showed silver down over 1% even as gold remained around recent levels. (fxstreet.com) (livemint.com)
Silver gave up a five-day run on Monday, April 13, falling more than 2% in Asian trading as gold also slipped from recent highs. (fxstreet.com) (livemint.com) FXStreet said silver was trading around $73.80 a troy ounce after dropping more than 2.5% and breaking below the $74 level. Mint reported spot silver at $74.45 an ounce, down 1.9%, while United States gold futures for June delivery fell 1.4% to $4,717.80 an ounce. (fxstreet.com) (livemint.com) In India, Mint said Multi Commodity Exchange gold was around ₹1.52 lakh per 10 grams, while silver futures were down more than 1% in domestic trading. The same report said gold touched a near one-week low as the United States dollar strengthened. (livemint.com) The immediate trigger was a jump in oil prices above $100 a barrel after United States-Iran ceasefire talks failed, according to Mint. Higher oil prices can feed inflation, and hotter inflation can push investors to expect the Federal Reserve to keep interest rates higher for longer. (livemint.com) That matters for bullion because gold and silver do not pay interest. FXStreet said stronger March United States consumer price index data reinforced a “higher-for-longer” view on Federal Reserve policy, which raised the opportunity cost of holding precious metals. (fxstreet.com) The dollar added another layer of pressure. Mint said the dollar index strengthened on Monday, making dollar-priced bullion more expensive for buyers using other currencies, while earlier March coverage from Mint put the index near 99.695 during a similar rates-driven selloff in metals. (livemint.com 1) (livemint.com 2) Silver has been more volatile than gold in 2026. FXStreet noted the metal had surged 148% in 2025, driven by tight supply, low stockpiles, industrial demand and investment buying, which helps explain why a shift in rate expectations can produce sharper pullbacks. (fxstreet.com) Gold, by contrast, was easing rather than collapsing. Trading Economics showed gold at $4,721.11 per troy ounce on April 13, down 0.64% on the day but still nearly 47% above a year earlier. (tradingeconomics.com) For now, the metals market is trading two forces at once: geopolitical stress that can support haven demand, and higher oil, yields and dollar strength that can work the other way. Monday’s move showed the second force winning, at least for this session. (livemint.com) (fxstreet.com)
