Spot silver fell $1.449, or 2.80 percent, to $50.186 an ounce in early US trading on Thursday, November 12, 2026, according to the Kitco AM Report. Kitco's three-day silver spot chart, captured at 9:02 a.m. New York time, shows the metal at $50.17, down $1.38, with a three-day high of $53.84 and a low of $50.00. The chart records a November 10 close of $51.41, down 3.55 percent, followed by a November 11 close of $51.55, up 0.26 percent.

Gold also retreated, dropping $97.11, or 2.38 percent, to $3,890.46 an ounce, its lowest level in more than a week. Kitco attributed the selling to a stronger dollar and higher Treasury yields as traders priced in a Federal Reserve rate increase. Odds of a 25 basis point hike at the December 8 to 9 meeting stood at roughly 88 to 91 percent, with a smaller chance of a 50 basis point move. The dollar index traded near 102.85 after reaching a 19-month high, and the 10-year Treasury yield sat near 5.00 percent.

US economic data added to the pressure. Initial jobless claims rose to 200,000 for the week ended November 7, compared with expectations near 195,000, while October consumer prices rose 0.4 percent at the headline level and 0.3 percent at the core level. October payrolls increased by 165,000 with unemployment at 4.1 percent.

Kitco's technical levels place silver resistance at $51.14 and then $52.39, with support at $50.58 and then $50.12. The October producer price index is scheduled for release Friday morning.

Source: Kitco News - https://www.kitco.com/news/article/2026-11-12/gold-silver-extend-losses-fed-hike-bets-lift-dollar-treasury-yields-kitco