Silver Gains 1.5% to US$61.24 as Gold Edges Up | Gold & Silver, Oct 5
Key Facts
- Silver rose 1.47% to US$61.24 an ounce, from US$60.35 on Friday, while gold edged up 0.11% to US$4,143 (RT spot data).
- US services prices paid rose to 74.0 in the ISM survey, the highest since July 2022. The headline index was 54.9 against a forecast of 55.7 (ISM; RT calendar).
- The GLD gold fund fell 0.16% to US$379.55 while the SLV silver fund rose 0.71% to US$55.13 (RT).
- Newmont gained 0.22% to US$115.82 and Buenaventura, a Peruvian gold and silver miner, gained 0.64% to US$31.59.
- Prediction markets: Polymarket gives gold a 78.0% chance to touch US$4,200 and 50.0% to touch US$4,000 in October (US$77,140 traded). Bets, not forecasts. Stand: 8:43 pm ET, 5 October.
Today’s Focus
Silver rose 1.5% on Monday to about US$61.24 an ounce, while gold edged up to about US$4,143. The moves came on the day the ISM services survey showed prices paid at 74.0, the highest since July 2022.
For US investors, rising input prices feed rate worries, which usually weigh on gold. The metal held steady instead.
What matters today. Silver’s gain was larger than gold’s. Latin America matters because Peru and Mexico are major silver producers.
01 The session in one read
Spot silver closed at US$61.24 an ounce, up 1.47% from US$60.35 on Friday. Spot gold ended at US$4,143, up 0.11% from US$4,139.
The ISM services report for September put the headline index at 54.9 against a forecast of 55.7. Business activity fell to 56.5 from 61.7, against a forecast of 61.5, and employment rose to 50.1 against a forecast of 48. Prices paid rose to 74.0 from 72.6 in August, the highest since July 2022.
Gold held its ground despite a higher inflation signal. Silver gained more, which is typical when traders add risk.
The ETF moves differ slightly from spot because their closing times differ.
02 The board
The table shows spot prices from the RT feed and US-listed funds. Spot prices run around the clock, so the daily change depends on the reference time.
| Asset | Level | Change |
|---|---|---|
| Gold (spot, per ounce) | US$4,143 | +0.11% |
| Silver (spot, per ounce) | US$61.24 | +1.47% |
| GLD gold fund | US$379.55 | -0.16% |
| SLV silver fund | US$55.13 | +0.71% |
Source: RT close, 2026-10-05. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
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Latin America — Cross-Market Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 206,911.89 | +7.70% | +21.85% | 192,114.55 | 168,310 | 167,142 | — |
| IPSA | 11,124.65 | +1.91% | — | 10,916.57 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 64,327.79 | -0.32% | +12.17% | 64,531.68 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,869,488 | +3.68% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,582.65 | +2.69% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 59,860.04 | +0.60% | — | — | — | — | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| EUR/BRL | 5.95 | +1.01% | -5.83% | 5.89 | 5.98 | 5.94 | — |
| USD/MXN | 17.06 | -0.24% | -8.58% | 17.10 | 17.08 | 17.01 | — |
| USD/CLP | 913.98 | +0.04% | -5.67% | 913.65 | 915.11 | 906.68 | — |
| USD/COP | 3,140 | +0.03% | -22.04% | 3,139 | 3,141 | 3,105 | — |
| USD/PEN | 3.36 | -0.66% | -4.82% | 3.38 | 3.38 | 3.35 | — |
| USD/ARS | 1,493 | +0.10% | +12.96% | 1,491 | 1,494 | 1,480 | — |
| USD/UYU | 40.27 | +1.24% | +1.80% | 39.77 | 40.27 | 40.23 | — |
| USD/PYG | 5,939 | +1.68% | -19.54% | 5,841 | 5,939 | 5,925 | — |
| USD/BOB | 11.64 | -0.76% | +72.04% | 11.73 | 11.72 | 11.64 | — |
| USD/DOP | 58.34 | +1.25% | -3.44% | 57.62 | 58.34 | 58.04 | — |
| USD/CRC | 445.92 | +0.89% | -9.71% | 441.97 | 448.50 | 445.92 | — |
03 What moved it
The main data point was the ISM services report. Prices paid rose to 74.0, above the 72.9 that economists expected, and new orders eased to 59.8 (ISM).
Higher price pressure can keep US interest rates high, which weighs on gold. Gold barely moved, while silver rose.
04 The Latin American read
Peru and Mexico are among the world’s largest silver producers, and Buenaventura is a Peruvian gold and silver miner. Its New York shares rose 0.64%.
05 The names to watch
Newmont, a US gold miner, rose 0.22%. Buenaventura is the Latin American name to watch.
06 The outlook
Spot gold stayed close to US$4,140 and silver near US$61. Traders will look for the next US inflation data and rate signals.
07 What to watch
- US inflation and rate signals: Prices paid at 74.0 keep rate worries alive.
- Silver at US$62: Silver ended Monday about US$0.76 below US$62.
- Gold near US$4,100 and US$4,200: Polymarket traders see both levels as likely October touches.
- Latin American miners: Buenaventura and Newmont follow the metal.
What Prediction Markets Say
Polymarket prices a gold touch of US$4,200 in October at 78.0% and a touch of US$4,300 at 52.5%. On the downside, a touch of US$4,100 is priced at 82.5% and US$4,000 at 50.0% (US$77,140 traded). Readings from 8:43 pm ET on 5 October.
These prices are bets by traders, not forecasts by analysts.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
What did gold and silver do on Monday?
Spot gold edged up 0.11% to about US$4,143 an ounce and spot silver rose 1.47% to about US$61.24.
What was the ISM services report?
The September index was 54.9 against a forecast of 55.7. Prices paid rose to 74.0, the highest since July 2022.
Why do inflation data matter for gold?
Higher inflation can keep interest rates high, which makes gold, which pays no interest, less attractive.
Which Latin American countries produce silver?
Peru and Mexico are among the largest silver producers.
Market data: RT. Sources: Institute for Supply Management, Polymarket.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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