Silver Price Today: About $52.60 Thursday as Dollar Sits…
By Rick Steves
AI summary of the source article
Spot silver rose to around $52.57 an ounce on Thursday, rebounding roughly 7% from an 11-month low of $49.13 recorded on October 30. The recovery was supported by lower Treasury yields and a weakening US dollar following midterm elections.
Why it matters
A softer dollar can make dollar-priced metals less expensive for overseas buyers, while upcoming employment data can affect both silver's appeal as a precious metal and its sensitivity to economic growth.
Key facts
- Spot silver traded at $52.57 an ounce early Thursday, roughly 7% above its 11-month low of $49.13 on October 30.
- Gold traded at $4,126.50 alongside silver, putting the gold-silver price ratio at about 78.5.
- The US dollar index declined to 101.25 on Thursday, hitting its lowest level since September 30.
Source excerpt · FinanceFeeds
Spot silver traded around $52.57 an ounce early Thursday, extending a rebound from last week’s 11-month low as the dollar weakened after the US midterm elections. Kitco’s market screen showed silver at $52.57 at 1:28 a.m. Eastern on 5 November, alongside gold at $4,126.50. At those same-time prices, the gold-silver ratio was about 78.5. Friday’s payrolls report may determine whether the recovery c…