China Polysilicon output in October and forecast for November

The U.S. International Trade Commission (USITC) determined on October 14 that crystalline silicon photovoltaic cells, whether or not assembled into modules, from India, Indonesia, and Laos are dumped and subsidized and materially injure the U.S. industry. Five commissioners voted in the affirmative and one did not participate; the U.S. Department of Commerce will now issue antidumping and countervailing duty orders. The decision moves Commerce's final AD/CVD rates—announced on September 11—toward enforcement, with cash deposits to be collected once the orders take effect.

Silver prices rose initially but fell later this week, with the weekly chart forming a medium bearish candlestick and a cumulative weekly decline of nearly 7%. US September CPI beat expectations across the board, the probability of an October rate hike surged, the US dollar index hit an 18-month high, US Treasury yields stayed high, and combined with a flurry of hawkish remarks from US Fed officials and Middle East geopolitical risks, precious metals valuations remained under pressure.