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Covered Commodity and Power Product

Silver

SI=F · Front-month continuous futures · USD per troy ounce

Current futures price$52.99
Current price$52.99
Daily return+2.3%
Weekly return+4.5%
Monthly return-12.7%
YTD return-24.4%
Contract monthDec 26
Contract expirationUnavailable
Rollover statusProvider-managed front-month continuous series; exact rollover methodology not supplied
Contract seriesFront-month continuous futures
RegionGlobal
Price-feed statusDelayed market data enabled
UnitsUSD per troy ounce
CurrencyUSD
ProviderYahoo Finance delayed futures data
Timestamp

Historical chart

Silver historical futures price 61.3658.1254.8851.6448.402026-10-092026-10-152026-10-202026-10-232026-10-292026-11-042026-11-09 Date Futures price
2026-10-09 to 2026-11-09 · Range 49.10 to 60.67

AI-Assisted Chart Analysis

Silver technical analysis

Calculated from verified chart history for the selected tenor; no news or fundamental assumptions are used.

Technical only
Trend

Mixed trend: the latest level is below its 20-period average, without full long-term confirmation.

Momentum

RSI is 36, a neutral reading. Above 70 can signal extension; below 30 can signal exhaustion.

Support scenario

The first technical watch zone is 49.10. A break below 49.10 invalidates the near-term support setup.

Resistance scenario

The first resistance/watch zone is 59.16. A confirmed break above 60.67 supports continuation.

Risk

Annualized realized volatility is +44.5%. Maximum lookback drawdown is -19.1%, from a high-water mark of 60.67 to 49.10.

Potential levels are conditional chart scenarios, not personalized advice or instructions to buy or sell.

Current signal

  • Silver futures (SI=F) are exhibiting high volatility, with recent market activity characterized by a 5.4% gain reported on November 7, 2026, following a period of price fluctuations.
  • The market is currently navigating uncertainty surrounding U.S. election outcomes and broader macroeconomic shifts, which are influencing precious metals pricing.
  • Evidence limitations exist regarding specific daily settlement prices for the entire seven-day window, as the data relies on reported news summaries rather than a continuous, granular price feed.

What changed

  • Silver futures experienced a notable 5.4% increase on November 7, 2026, marking a recovery from earlier declines observed in the week.
  • Market sentiment shifted from a selloff earlier in the week to a surge, with reports linking price movements to U.S. election-related volatility and broader market reactions.
  • Corporate activity remains active, with multiple silver-focused entities, such as Silvercorp and Pan American Silver, releasing project updates and financial declarations during this period.

Why it matters

  • The volatility in silver prices reflects broader investor sensitivity to U.S. political events and potential shifts in monetary policy expectations.
  • For producers, the fluctuations in spot prices impact the valuation of mining assets and the timing of project updates, as seen in the recent flurry of corporate announcements.
  • The correlation between gold and silver remains a focal point for market participants, with both metals reacting to similar macroeconomic catalysts, including dollar strength and election-related uncertainty.

Bullish factors

  • Recent price surges suggest strong buying interest during periods of market stress or political uncertainty.
  • Continued corporate development and project updates from major silver producers indicate ongoing investment in supply-side capacity.
  • Market commentary highlights silver's role as a precious metal hedge, which often attracts inflows during periods of heightened geopolitical or economic instability.

Bearish factors

  • The asset has demonstrated susceptibility to sharp, short-term selloffs, indicating potential profit-taking or liquidation during periods of dollar strength.
  • Uncertainty regarding the long-term impact of AI-related trade and broader industrial demand may weigh on sentiment if macroeconomic growth slows.
  • The reliance on sentiment-driven trading during election cycles can lead to erratic price action that may not be supported by fundamental supply-demand shifts.

Key catalysts

  • U.S. election outcomes and the subsequent impact on the U.S. dollar and interest rate expectations.
  • Corporate earnings and project updates from major silver miners, which influence sector-specific sentiment.
  • Macroeconomic data releases that dictate the path of real yields and central bank policy.

Key risks

  • Heightened volatility driven by political events could lead to rapid, unpredictable price swings.
  • Potential for a stronger U.S. dollar, which historically acts as a headwind for dollar-denominated precious metals.
  • Market liquidity risks during periods of extreme sentiment shifts, which can exacerbate price moves in either direction.

Upcoming reports

  • Ongoing monitoring of U.S. election-related market impacts and their transmission to precious metals.
  • Continued release of corporate updates and financial reports from silver mining companies.
  • Scheduled monitoring of central bank policy signals and inflation data, which remain critical for the precious metals complex.

Latest verified updates

  • CME Group reported a 5.4% gain in silver futures on November 7, 2026.
  • Silvercorp Metals and Pan American Silver have issued multiple operational and financial updates between November 3 and November 5, 2026.
  • Market reports from November 7, 2026, indicate a decline in gold and silver futures, contrasting with the earlier surge observed in the same week.

Sources

Yahoo Finance delayed futures data

Last updated: