Silver’s Two-Week Slide More Than Doubles Gold’s—Could $50 Hold?
Silver has fallen 11.52% since October 9, more than double Gold's 4.74% decline, pushing the Gold/Silver ratio from 68.94 to 75.11. Silver's break below the July low of 54.77 keeps the psychological $50 level in focus, with this week's five central bank decisions and Big Tech earnings set to test whether risk sentiment can interrupt the slide.
NZD/USD and USD/CAD in Focus as RBNZ and BoC May Deliver Central Bank Week’s Biggest Surprises
Five major central banks announce decisions this week, but the RBNZ and BoC—not the Fed, ECB or BoJ—carry the greatest potential for a meaningful repricing. With NZD/USD testing 0.5766–0.5808 resistance and USD/CAD testing 1.3986–1.3927 support, the question for both is whether policy guidance validates the tightening markets have already priced in.
Brent Nears $120 as Nasdaq Tests 25,800 and US 10-Year Yield Hovers at 5%
Three markets are converging on decisive levels at once: Brent crude is testing $120 resistance on Middle East supply risk, the US 10-year yield is holding near 5% as inflation and growth fears compete, and Nasdaq is barely clinging to 25,803 support on AI-financing concerns. With the Fed, GDP, PCE and Big Tech earnings all landing next week, the interaction between these three could matter more than any single move.
Tech Selloff Eases, but Brent Near $115 and French Bond Stress Persist
The immediate equity-market retreat may be stabilizing, but geopolitical and sovereign risks have yet to ease materially. Oil markets are increasingly concerned with reports of possible US-Israeli strikes against Iran after the November 3 midterm elections, particularly as supply buffers remain limited and regional security threats continue. In Europe, France’s private-sector activity has returned to contraction, compounding fiscal and political concerns ahead of Moody’s scheduled rating review.
