Gold Fund Slips 0.13% as Silver Fund Drops 1.58% | Gold & Silver, Oct 13
Key Facts
- The GLD gold fund slipped 0.13% to US$381.67 on Tuesday 13 October, after a 0.63% fall on Monday.
- The SLV silver fund fell 1.58% to US$53.49, its second fall in a row.
- The GDX gold-miners fund lost 1.46% to US$87.24 and Pan American Silver 2.58% to US$44.53, so the miners fell more than the metals.
- The US dollar index fell 0.36% to 102.2, but precious metals did not gain.
- Prediction markets: Polymarket gives 46.5% to gold touching US$4,300 at any point in October and 37% to touching US$4,000 (US$12,221 and US$18,487 traded on the two markets, read at 8:50 pm ET on 13 October). Bets, not forecasts.
Today’s Focus
Precious-metal funds slipped on Tuesday 13 October. The GLD fund, which holds physical gold, fell 0.13% to US$381.67, and the SLV silver fund fell 1.58% to US$53.49.
Gold and silver miners fell harder. The GDX fund lost 1.46% to US$87.24, and Pan American Silver, which has mines across Latin America, fell 2.58% to US$44.53.
We have no spot price for Tuesday yet. Our latest RT spot bars, dated 12 October, show gold at US$4,170.89 and silver at US$60.25.
What matters today. Silver and the miners fell on a day the dollar weakened, which hurts US investors who hold the funds and tells them the move was not about the currency.
01 The session in one read
Gold held nearly steady while silver and the miners fell on Tuesday 13 October. GLD lost 0.13%, SLV lost 1.58% and GDX lost 1.46%.
Silver’s fall extends Monday’s 0.78% drop in the fund. Over two sessions SLV is down 2.35% from US$54.78 on Friday.
Gold held its ground while silver and the miners sold off. That pattern often shows investors cutting risk within the metals group.
The variable to watch is whether silver stays above US$60. Our latest spot bar, dated 12 October, was US$60.25.
02 The board
The funds are US-listed proxies for the metals and not spot prices. Our RT spot series had no bar for 13 October at our deadline.
The latest spot bars, dated 12 October, show gold down 0.47% at US$4,170.89 and silver down 1.13% at US$60.25. We will use Tuesday’s spot close when the data provider publishes it.
| Asset | Level | Change |
|---|---|---|
| Gold (GLD fund) | US$381.67 | -0.13% |
| Silver (SLV fund) | US$53.49 | -1.58% |
| Gold miners (GDX) | US$87.24 | -1.46% |
| Pan American Silver | US$44.53 | -2.58% |
| US dollar index | 102.2 | -0.36% |
Source: RT close, 2026-10-13. 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 | 206,887.52 | -1.04% | +21.85% | 209,066.90 | 168,310 | 167,142 | — |
| IPSA | 11,020.01 | -0.21% | — | 11,043.36 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 67,147.36 | +0.60% | +12.17% | 66,746.78 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,869,151 | +1.45% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,570.34 | +1.55% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 60,645.95 | -0.22% | — | — | — | — | — |
| 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
We could not confirm a news catalyst for Tuesday. The dollar index fell 0.36% to 102.2, which usually supports metals, yet they did not rise.
US consumer prices for September are due on Wednesday 14 October at 12:30 UTC (8:30 am ET). Traders often position cautiously before that report.
04 The Latin American read
Mexico is the world’s largest silver producer, and Peru is among the top producers. Silver prices feed directly into mining revenue and export income in both countries.
Pan American Silver, with mines across Latin America, fell 2.58% to US$44.53 in New York. Brazil’s Ibovespa fell 1.04%.
05 The names to watch
The GDX fund of gold miners is a quick read on how investors value mining profits at current prices. It fell 1.46%.
Pan American Silver is the most direct US-listed silver miner with Latin American operations. Its fall was the largest on the board.
What Prediction Markets Say
Polymarket, a prediction market, priced gold touching US$4,300 at any point in October at 46.5% and touching US$4,000 at 37%, with US$12,221 and US$18,487 traded on the two markets (read at 8:50 pm ET on 13 October).
Kalshi, a US exchange regulated by the CFTC (the US commodities regulator), priced gold at or above US$4,300 at the end of the year at 48% (308,441 contracts traded). These prices are bets, not forecasts.
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.
06 The outlook
Gold has to hold its recent range after a soft week for the funds. Traders will also watch US inflation data and Federal Reserve pricing.
A hot inflation reading could lift yields and the dollar, which usually weighs on gold. A cooler one would do the opposite.
07 What to watch
- US consumer prices: The September reading is due on Wednesday 14 October at 12:30 UTC (8:30 am ET).
- Silver at US$60: A close below it would add to the two-day fall.
- US dollar index: A move back above 103 would weigh on both metals.
- Mexico and Peru silver: Mine output and costs set the miners’ earnings.
Background: Gold Dips Below $4,171 as Firm Dollar Weighs on Metals.
Background: IPC Gains 1.06% to 66,746.78 as Peso Firms.
More: Latin America news in English, every day from The Rio Times.
Frequently Asked Questions
How did gold do on 13 October?
The GLD gold fund slipped 0.13% to US$381.67. Our latest spot bar, dated 12 October, showed gold at US$4,170.89.
What happened to silver?
The SLV silver fund fell 1.58% to US$53.49, its second fall in a row.
Why do silver prices matter for Latin America?
Mexico is the world’s largest silver producer, and Peru is among the top producers. Silver feeds mining revenue and export income in both countries.
What do prediction markets say about gold?
Polymarket priced gold touching US$4,300 in October at 46.5%, as of 8:50 pm ET on 13 October. These are bets, not forecasts.
Market data: RT; prediction markets: Polymarket, Kalshi (as of 8:50 pm ET, 13 October 2026)
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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