# US Oct PPI hits 4-year high, metals broadly lower; LME copper, nickel and SHFE zinc lead declines, gold and silver fall on weekly charts [Overnight Market Wrap] - Shanghai Metals Market (SMM)

> Overnight, base metals mostly fell on LME and SHFE, with LME copper down 1.74% and LME nickel down 1.98%. COMEX silver fell 2.83% to an intraday low of $48.405/oz, and gold posted a weekly decline of 4.6%. The report cites a hot US October producer price index and expectations of rate hikes, with a stronger dollar weighing on precious metals.

- Date: 2026-11-14 · published 2026-11-14T21:11:56.111Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/99974-us-oct-ppi-hits-4-year-high-metals-broadly-lower-lme-copper-nickel-and-shfe
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Feed buyers see little direct effect from base metals, but a firmer dollar and hawkish rate expectations weigh on commodity prices broadly and can make US-priced feed imports more expensive for importers in weaker currencies.

## Read by commodity

- DXY: bullish ▲

## Sources

- news.metal.com: https://news.metal.com/newscontent/BNR5U7MWDLXZOQN5WNKIZ4ERVWHXS5YVUXMKI3I-us-oct-ppi-hits-4-year-high-metals-broadly-lower-lme-copper-nickel-and-shfe-zinc-lead-declines-gold-and-silver-fall-on-weekly-charts-overnight-market-wrap

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