---
symbol: "SILVER"
name: "Silver"
date: 2026-09-28
change_pct: -4.215372610222397
direction: "down"
event_type: "price_move_recap"
url: "https://perplo.app/why/SILVER/2026-09-28"
updated_at: 2026-09-28T13:06:34.418Z
---

# Why Silver (SILVER) fell 4.22% on September 28, 2026

Silver (SILVER) fell 4.22% on September 28, 2026 — Rising yields pressure precious metals complex.

## What happened

Silver prices fell 4.2% as higher US bond yields repriced precious metals downward across the complex.

## Why it moved

Rising discount rates increase the opportunity cost of holding non-yielding silver; higher real yields make bonds and cash more attractive relative to physical metals, triggering a broad sector selloff.

## Why it matters

Precious Metals as a hedge-demand play is vulnerable to yield repricing; when market expectations shift toward higher Fed rates or real yields rise, the relative attractiveness of gold and silver as safe-haven stores of…

## What would break the thesis

If US bond yields reverse lower or the Fed signals a pause in rate hikes, the metals complex can rebound sharply as yield-driven headwinds lift.

## Sources

- [Gold and silver prices fall sharply as higher bond yields weigh on metals](https://www.cnbc.com/2026/09/28/gold-silver-prices-bond-yields.html) — CNBC

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