Silver Price Today: $51.89 After a 5.75% Week, CPI Due 10…
By Tobi Opeyemi Amure
AI summary of the source article
Silver ended Friday at $51.89 an ounce, up 5.75% for the week despite strong US jobs data that increased expectations for a December Federal Reserve rate hike. Markets now look to the October CPI release to guide further direction.
Why it matters
Tuesday's October CPI report on 10 November decides whether the rebound from the 30 October low continues.
Key facts
- Silver closed Friday at $51.89 an ounce, rising 5.75% from its 12-month low of $49.07 a week earlier.
- US nonfarm payrolls rose by 165,000 in October against roughly 65,000 expected, lifting CME FedWatch December rate hike odds to about 80%.
- About 58% of silver demand stems from industrial use, which helped the metal hold steady while gold declined about 1%.
Source excerpt · FinanceFeeds
Updated 8 November 2026, 00:30 GMT. Silver markets are shut for the weekend. Silver ended Friday 6 November at $51.89 an ounce at the New York close, up $2.82 or 5.75 percent from $49.07 a week earlier (Precious Metals International closing table). It held its ground on Friday while gold fell about 1 percent after the US added 165,000 jobs in October against about 65,000 expected. Verdict: silver…