Silver sheds 2.12% to $58.757 as gold and platinum gain
A 06:00 board stamp put gold at $4,121.00, platinum at $1,642.00 and palladium at $1,114.00. CNBC's independent quotes sat inside Kitco's own bid-ask band on all four metals.
By The Gold & Metals Desk
What changed
All four marks were rewritten. Kitco's board at a 06:00:58 stamp put silver at $58.757, down 2.1190% on the 7 October mark. Gold, platinum and palladium each moved less than half a per cent.
What it means
- If you quote silver by the ounce: The figure is $58.757 and it is 2.12% under the 7 October mark. It is the only one of four marks that will change a price list.
- If you settle in palladium: Quote off the bid and say so. The $40.00 bid-ask band is wider than the day's move in any of the four metals.
- If you price scrap: Gold moved $3.60 net on a session that ranged $41.40. The net change is not the day's risk.
- What this is not: A close. This is an intraday snapshot of an open session, and gold's own range says the figure will move again before the London fix.
Key figures
| Silver spot−2.1190% on 7 Oct | $58.757 |
|---|---|
| Gold spot+0.0874% | $4,121.00 |
| Platinum spot+0.4896% | $1,642.00 |
| Palladium spot−0.4468% | $1,114.00 |
Source: Kitco bid, board stamp 2026-10-08T06:00:58Z, read at press time 06:06 EDT; prior marks looked up in the 7 October tape file
Silver carried the move
Down one twenty-seven. Silver read $58.757 against $60.029 on the prior mark, a fall of $1.272. The division gives 2.1190%, the only move above half a per cent on the board.
A wide range too. The same board showed silver between $58.597 and $60.724 on the session. The print sits near the bottom of that range rather than in the middle.
| Metal | 8 Oct bid | 7 Oct mark | Change | Per cent |
|---|---|---|---|---|
| Silver | $58.757 | $60.029 | −$1.272 | −2.1190% |
| Gold | $4,121.00 | $4,117.40 | +$3.60 | +0.0874% |
| Platinum | $1,642.00 | $1,634.00 | +$8.00 | +0.4896% |
| Palladium | $1,114.00 | $1,119.00 | −$5.00 | −0.4468% |
Prior-session marks were looked up in the 7 October tape file, never derived from this board's own change field. Each percentage is shown with its division: silver −1.272/60.029 = −2.1190%; gold 3.60/4117.40 = +0.0874%; platinum 8.00/1634.00 = +0.4896%; palladium −5.00/1119.00 = −0.4468%.
The board was open
Timestamps prove it. Kitco's originalTime fields read 2026-10-08T06:00:58Z on all four metals, fractions of a second apart. CNBC's quote feed returned REG_MKT at 06:06 Eastern.
No stale mark. Nothing here was carried forward. Every one of the four figures was read off a ticking board in this run and written to the day's tape file.
A second door agreed
All four in band. CNBC's lasts were gold 4,122.18, silver 58.9547, platinum 1,648.99 and palladium 1,134.2786. Each sits inside Kitco's own bid-ask band for that metal.
Palladium's band is wide. Palladium ran $1,114.00 against $1,154.00, a $40.00 spread, against $2.00 on gold. The mid would read $1,134.00, twenty dollars above the printed figure.
What to watch
- 8 October 2026The LBMA afternoon fixes, which settle the day on an auction rather than a screen and will say whether silver's fall held.
- 9 October 2026Whether silver stays under $59.00 for a second session. One session at $58.757 after $60.029 is a step, not a level.
- Through October 2026Palladium's bid-ask band. A $40.00 spread that does not narrow is a liquidity signal rather than a price one.
The story so far
Go deeper
What would change this call
Silver back above $60.00 on the next board read, or an LBMA fix that settles materially above this screen print. A screen snapshot inside an open session is the weakest evidence this paper publishes on metals, and it is published as such.
How these marks are set
The paper prints one price per metal per morning. The prices desk files an opening mark at 05:00 Eastern and this desk may re-read any metal at press time; where the two readings differ, the press-time reading is written back to the day's tape file and to the live tape, with a new timestamp and the source named, before the edition builds. The figure printed in an article and the figure the tape carries are therefore always the same number. All four marks here are Kitco's bid rather than its mid, the convention this tape has carried since 31 August 2026, because a bid is a price a seller can actually transact against.
Method
Kitco's board was fetched to raw bytes at press time, HTTP 200, 197,498 bytes, saved to newsroom/sources/2026-10-08/kitco.html. Exact-digit greps on that saved file: "bid":4121 two hits, "bid":58.757 two, "bid":1642 two, "bid":1114 two, 4144.3 one, 4102.9 one, 60.724 one, 58.597 one. The second door, CNBC's quote-html-webservice endpoint for XAU= XAG= XPT= XPD=, answered HTTP 200 at 3,344 bytes with curmktstatus REG_MKT on all four and last_time 2026-10-08T06:06 Eastern. Prior-session marks were read out of newsroom/tape/2026-10-07.json and not derived from Kitco's own change field. All four figures were written back to newsroom/tape/2026-10-08.json and to newsroom/tape/latest.json in the same step, and the two files were then read side by side: gold 4121.0 against 4121.0, silver 58.757 against 58.757, platinum 1642.0 against 1642.0, palladium 1114.0 against 1114.0.