Silver led a broad retreat in metals for the week ending 13 November 2026, falling 6.2% to $48.74 per troy ounce. Gold lost 4.6%, while copper dropped 1.7% to $13,545 per tonne, leaving both silver and copper at the bottom of their respective 30-day trading ranges.
The closing figures for Friday 13 November, published by metals.dev using London Metal Exchange reference prices and Precious Metals spot prices, showed declines across most of the metals tracked. Lead was unchanged on the week, while nickel and aluminium retained gains over 30 days. Originally reported by Metal Rates (Metals.dev).
Silver and gold register sharp weekly losses
Silver's weekly decline was the largest among the eight metals, extending its 30-day loss to 15.1%. Its closing price matched the low of a 30-day range that stretched from $48.74 to $58.00 per troy ounce, underscoring the scale of its retreat over the period.
Gold ended at $3,883.45 per troy ounce, down 6.9% over 30 days. The close was near the lower end of its $3,874.31-$4,166.13 range, putting the metal close to its weakest level of the period after the 4.6% weekly fall.
Platinum also fell, closing at $1,488.80 per troy ounce after losing 3.1% over the week and 8.6% over 30 days. Unlike gold and silver, it finished further above its period low, within a 30-day range of $1,417.70-$1,659.20.
Copper finishes at its 30-day floor
Copper recorded the largest weekly decline among the industrial metals listed. Its $13,545-per-tonne close marked the bottom of a $13,545-$14,484 range over 30 days, with the metal down 7.4% across that period. That longer-term fall was steeper than those recorded by aluminium, zinc, nickel or lead.
Aluminium declined 1.1% over the week to $3,019 per tonne but remained 0.2% higher over 30 days. It traded within a $2,993-$3,096 range during that period. The supplied India equivalent was ₹284.58/kg, offering a local-currency reference alongside the dollar-denominated international price.
Zinc closed at $3,704 per tonne, losing 0.9% over the week and 1.2% over 30 days. Its period range was $3,681-$3,890, leaving the closing price near the lower end. The weekly loss was smaller than those for copper and aluminium.
Nickel holds a monthly gain as lead stays flat
Nickel slipped 0.3% over the week to $16,230 per tonne, yet remained 3.5% higher over 30 days, the strongest monthly performance in the group. Its 30-day range was $15,124-$16,400. Lead, meanwhile, registered a weekly change of +0.0% at $1,887 per tonne, with a 30-day decline of 1.0% and a range of $1,878-$1,926.
For industrial users, these benchmarks provide a reference for tracking input costs, while precious metals prices matter to investors and manufacturers alike. Industrial demand, supply availability and the dollar are usual influences on metals markets. A stronger dollar generally makes dollar-priced commodities more expensive for buyers using other currencies.
Those general influences affect metals differently: copper and aluminium are closely tied to manufacturing and construction, while precious metals also respond to investment demand. The clearest contrast in the closing figures was between nickel's 3.5% gain over 30 days and silver's 15.1% loss, despite both finishing the week lower.
Originally reported by Metal Rates (Metals.dev).