News report 🏭 Commodities 🌍 United States

Silver Price Slips to $49.87 as US 10-Year Yields Hit 5.13% Three-Week High

Silver prices dropped below $50.00 as US 10-year Treasury yields climbed to a three-week high of 5.13%, driven by persistent inflation and hawkish Federal Reserve rate expectations.

📅 November 13, 2026 🕐 1 min read

3 assets impacted (Commodities, Bonds, Forex). Net bias: 2 Bullish, 1 Bearish, 0 Neutral. Strongest signal: XAG ↓ 6/10 (85% confidence).

📊 Affected Assets (3)

XAG

Bearish 🤖 85%

📅 Short-term 🌍 GLOBAL · Explicit

Silver gave up early gains and fell back below $50.00 to $49.87 on Friday as 10-year US Treasury yields hit a three-week high near 5.13%, jumping almost 5.5% in two days after October core CPI beat at +0.30%. Higher yields on interest-bearing assets reduce the appeal of non-yielding silver, and traders now see a Fed hike in December, with a 10% chance of 50 bps. Technicals reinforce the bearish tone: price sits below the 20-day EMA at $53.08 with RSI at 34.76.

Catalysts

▼ 10-year US Treasury yield at three-week high near 5.13% after a 5.5% two-day surge
▼ October core CPI at +0.30% monthly, above +0.2% expected, third straight month at +0.3%

Risk Factors

▲ RSI at 34.76 hints at persistent downside pressure rather than an oversold rebound, so selling could extend
▲ A sustained break above the 20-day EMA at $53.08 would ease the bearish tone

US10Y

Bullish 🤖 85%

📅 Short-term 🌍 US · Explicit

The 10-year US Treasury yield holds a three-week high near 5.13%, having jumped almost 5.5% in two trading days after October CPI beat expectations, with core at +0.30% monthly. Deutsche Bank notes yields surged across the curve, and hawkish Fed bets (a certain December hike, 10% chance of 50 bps) keep upward pressure on yields.

Catalysts

▲ October core CPI +0.30% vs +0.2% expected; headline +0.35% vs +0.3% expected
▲ 3-month annualised core CPI pace at +3.75%, fastest since April 2024

Risk Factors

▼ Yields at three-week highs may already have priced in the inflation surprise
▼ Sell-off-driven safe-haven flows could pull yields back down

USD

Bullish 🤖 70%

📅 Short-term 🌍 US ✨ Inferred

Accelerating US inflation (October core CPI +0.30% monthly, headline +0.35%) has forced traders to raise hawkish Fed bets, with a December rate hike certain per CME FedWatch and a 10% chance of 50 bps. Higher expected US rates typically support the dollar, weighing on dollar-priced assets like silver.

Catalysts

▲ Core CPI running at a +3.75% annualised three-month pace, fastest since April 2024
▲ Markets certain of a December Fed hike, with 10% odds of a 50 bps move

Risk Factors

▼ The article focuses on bond and silver markets and does not state a dollar move directly
▼ Broad risk-off mayhem in bond markets could mute the dollar's typical rate-driven response

🧭 Full analysis of these assets

🎯 Key Takeaways

Silver (XAG/USD) fell to $49.87, remaining below the 20-day EMA of $53.08.
The 10-year US Treasury yield reached a three-week high of 5.13% after a 5.5% jump over two days.
October core CPI rose +0.30% monthly, marking the third consecutive month at that pace.
CME FedWatch data shows a December rate hike is now considered certain, with a 10% chance of a 50 bps increase.
The RSI for silver sits at 34.76, indicating persistent downside pressure.

📝 Executive Summary

Silver (XAG/USD) fell to $49.87 on Friday as surging US Treasury yields pressured non-yielding assets. The move follows an October core CPI print of +0.30%, which exceeded expectations and fueled market bets for a December Federal Reserve rate hike.

❓ FAQ

XAG · Why is silver falling below $50?

A US inflation surprise pushed Treasury yields sharply higher, with the 10-year near 5.13%, making non-yielding silver less attractive while traders price in a Fed rate hike in December, possibly of 50 basis points.

XAG · What level would change the bearish outlook for silver?

A sustained break above the 20-day EMA around $53.08 would be needed to ease the bearish tone and open the way to a more constructive recovery.

US10Y · What pushed US 10-year yields to 5.13%?

The October CPI report beat expectations, with monthly core CPI at +0.30% versus +0.2% expected, driving the biggest moves of the day and a surge in yields across the curve.

USD · How does the hot CPI print affect the dollar?

It raised expectations of a Fed rate hike in December, certain per CME FedWatch with a 10% chance of 50 basis points, a hawkish shift that generally supports the US dollar.

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