Gold And Silver Plunge On Inflation Fears After Hitting Highest Prices In Months

BreakingBusinessGold And Silver Plunge On Inflation Fears After Hitting Highest Prices In MonthsByConor Murray,Forbes Staff. Murray is a Forbes news reporter covering entertainment trends.Follow AuthorMay 15, 2026, 10:17am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineGold and silver prices plunged Friday morning, halting momentum the metals had built in recent weeks that lifted silver to its highest price in two months, with analysts blaming fears over inflation for the price slump.Silver plunged more than 10% Friday. (Photo by Sven Hoppe/picture alliance via Getty Images)dpa/picture alliance via Getty ImagesKey FactsThe price of silver is $76.69 as of 9:45 a.m. EST on Friday, down more than 10% but slightly higher than the intraday low price of $76.63 it hit earlier in the trading session.Silver also fell in price on Thursday, declining from a price of nearly $90 on Wednesday, the highest level the metal has reached since early March.Gold prices also fell Friday, reaching $4,542.90 as of 9:45 a.m. EST, down more than 3%.Prices tumbled Friday amid inflationary fears, analysts said, including ANZ Group Holdings Ltd. analysts Daniel Hynes and Soni Kumari, who said “inflation expectations, higher yields and a stronger dollar are likely to keep gold under pressure in the near term.”ANZ analysts also said “stronger-than-expected rise in consumer and producer prices raised concerns that the Fed may need to increase interest rates in the short term,” as higher interest rates typically correlate with lower metals prices. Oil prices—which have traded inversely with metals throughout the Iran war—rose Friday morning, with the Brent crude index rising more than 2% to a price of $108.00 as of 9:45 a.m. EST. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = ifram...