Silver price today 2026 moved lower on Friday, April 10, as a stronger dollar pressured bullion markets, even as spot silver held near record-high levels. In early trade at 0055 GMT, spot silver edged up 0.1% to $75.11 per ounce, while MCX silver fell 0.7% to ₹2,42,067 per kg.
Gold moved in the same direction. MCX gold lost 0.56% to ₹1,52,561 per 10 grams, while spot gold slipped 0.2% to $4,755.84 per ounce and was still on track for a third straight weekly gain, up 1.8% so far this week. US gold futures for June delivery declined 0.8% to $4,779.20. Platinum dropped 1.2% to $2,077.67 and palladium fell 1.1% to $1,540.03.
The dollar index strengthened during the session, making dollar-priced metals more expensive for buyers using other currencies. Even so, the index has fallen 1.3% for the week, a move that helped keep support under precious metals. The pressure on silver came after a volatile stretch in markets tied to energy and geopolitics, with Donald Trump announcing a ceasefire in the six-week-long Iran conflict earlier this week. Brent crude has fallen more than 11% this week, easing some inflation concerns, while Israeli Prime Minister Benjamin Netanyahu said he is seeking direct talks with Beirut following heavy bombardment in Lebanon that reportedly killed more than 300 people.
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That mix of lower oil prices and softer inflation expectations has kept attention fixed on the next batch of US data and the Federal Reserve's path. The US Personal Consumption Expenditures index rose 2.8% year-on-year in February, in line with estimates, and traders expect it likely ticked higher in March. Investors are now watching upcoming US Consumer Price Index data for further direction. FedWatch Tool pricing showed a 31% probability of at least a 25 basis point rate cut by December, up from 21% in the previous session.
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For now, silver is being pulled between two forces: a firmer dollar that weighs on prices in the near term, and a market that still expects easier policy later in the year. The next CPI reading is likely to decide which of those forces takes the lead.
