# Why gold and silver prices are sinking

> Gold and silver prices fell over the prior two weeks, with gold down 5.5% and silver down 18% since September 1. Lower inflation and stimulus expectations, along with weaker inflation expectations, drove the decline despite rising coronavirus cases in the US and Europe.

- Date: 2020-09-24 · published 2020-09-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/10816-why-gold-and-silver-prices-are-sinking
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Precious metals are trading as risk-off assets tied to inflation expectations rather than safe-haven demand. This signals weaker commodity sentiment broadly, though it has limited direct effect on feed grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-02-16 | [Softening fertilizer prices "a bit of a gift" - Brownfield Ag News](https://feedsoft.ai/events/37644-softening-fertilizer-prices-a-bit-of-a-gift-brownfield-ag-news.md) | -1.7% | -3.4% |
| DAP | 2025-02-27 | [What's driving urea prices for farmers? \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/26363-what-s-driving-urea-prices-for-farmers-global-perspective-the-land-nsw.md) | +1.7% | +2.1% |
| DAP | 2021-09-29 | [Series of black swans send fertilizer prices soaring - Brownfield Ag News](https://feedsoft.ai/events/45375-series-of-black-swans-send-fertilizer-prices-soaring-brownfield-ag-news.md) | +5.2% | +5.7% |
| DAP | 2020-06-19 | [Sharp increase in SA fertiliser prices due to weak rand](https://feedsoft.ai/events/52920-sharp-increase-in-sa-fertiliser-prices-due-to-weak-rand.md) | +2.4% | +12.0% |
| DAP | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | -1.4% | -3.5% |

## Sources

- axios.com: https://www.axios.com/2020/09/24/gold-silver-prices-lower-inflation-expectations

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.