Historical backfill: compiled on October 4, 2026; the observation date is 2026-08-26. Stocks and ETFs use regular-session closing prices; silver uses Yahoo Finance historical daily records whose precise cutoff has not been independently verified.
GLD fell about 1.6% on August 26. Yahoo Finance’s SI=F silver-futures daily record was about $67.99 per troy ounce, roughly 0.9% below its August 25 record. The dollar index rose 0.3% and the ten-year real Treasury yield increased from 2.32% to 2.34%. Those directions fit pressure on metals; they do not provide a formula for the size of the decline.
SPY was almost unchanged and TLT fell about 0.2%, rather than every asset in this comparison dropping sharply. The metal declines may contain macro pressure, a reversal of earlier gains or localized selling. Without synchronized ETF creation/redemption, physical-inventory and futures-positioning data, those components cannot yet be separated.
Silver’s 0.9% change also has a quotation limit. SI=F is a continuous series that may switch contracts around rollover, with the curve affecting its behavior. The day’s delivery-month contract has not been identified. The decline belongs to the Yahoo daily record used here, not automatically to one fixed contract or physical silver.
Sources: Yahoo Finance GLD · Yahoo Finance SI=F · Yahoo Finance 美元指数 / Dollar Index · Yahoo Finance SPY · Yahoo Finance TLT · FRED DFII10. Stock and ETF price changes compare consecutive Yahoo historical closing prices, which may include provider adjustments and are not treated as investors’ total returns. Yields are observations for the stated day. GLD is a gold-ETF proxy; SI=F is continuous silver futures with roll risk. Neither is a spot transaction price. FRED yields use the historical series available at preparation, not an archived real-time release snapshot. Price facts are separated from interpretation; causal explanations have not been established. Past performance does not indicate future results. Silver figures use Yahoo Finance SI=F historical daily records, comparing the article date with the preceding session. Historical quote cutoffs, delivery-month mapping and roll adjustments have not been independently reconstructed; these changes do not establish same-contract settlement changes or spot returns. Dollar-index figures use Yahoo Finance DX-Y.NYB daily records; the provider’s daily cutoff has not been reconstructed, so they are not treated as synchronous with regular stock and ETF closes. Personal research and opinion for information only, not investment advice.