Gold and Silver Prices Plunge After Recent Highs as Oil Rises
Silver fell more than 10 percent to $76.69 on May 15, 2026, days after nearing $90. Gold dropped over 3 percent to $4,542.90 while Brent crude rose above $108. Analysts cited inflation concerns and potential Federal Reserve rate hikes.
ForbesGold and silver prices plunged on the morning of May 15, 2026. Silver tumbled to $76 on Friday morning in May 2026 after approaching a two-month high of $90 a few days before. m.
EST on May 15, 2026. 63. Silver declined on May 14, 2026 from a price of nearly $90 on May 13, 2026. 17 on May 13, 2026 and reached its highest level since early March 2026 that day.
Silver approached the $90 mark on May 13, 2026. m. EST on May 15, 2026. Gold was down more than 3 percent on May 15, 2026. m.
EST on May 15, 2026. The index rose more than 2 percent on May 15, 2026 and has traded inversely with metals throughout the Iran war. ” Gold reached a record-high price of about $5,600 in January 2026.
Gold and silver prices crashed at the end of January 2026. ” Metals prices have remained largely volatile throughout the Iran war. They initially tumbled between late February and early March after the United States and Israel struck Iran but occasionally rose on hopes a peace deal would be reached.
Their prices steadily climbed throughout 2025 and early 2026 before the January crash, which analysts at the time attributed to President Donald Trump’s nomination of Kevin Warsh to lead the Federal Reserve.
Key Facts
Story Timeline
5 events- 2026-05-15 09:45 EST
Silver at $76.69 down more than 10%, gold at $4,542.90 down more than 3%, Brent crude at $108.00 up more than 2%
1 sourceForbes - 2026-05-14
Silver declined from nearly $90 the previous day
1 sourceForbes - 2026-05-13
Silver closed at $89.17 and reached highest level since early March
1 sourceForbes - 2026-01
Gold hit record $5,600 and silver hit record $120 before crashing at end of month
1 sourceForbes - 2025-2026 early
Metals prices climbed throughout 2025 and early 2026 amid tariffs, rate cuts and tensions
1 sourceForbes
Potential Impact
- 01
Inverse trading relationship with oil persists amid Iran war volatility, with Brent crude gaining as metals fell
- 02
Higher interest rates typically correlate with lower metals prices, potentially extending pressure on gold and silver
- 03
Investor return to gold and silver markets may be delayed until inflationary pressures and war fog subside
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