On November 5, 2026, the spot price of silver surged to $52.61 per ounce, marking a 5.80% increase from the previous close of $49.73. This rise represents a gain of $2.88 in a single day. Over the past year, silver prices have climbed 9.54% from $48.03 per ounce.
Key levels to monitor this week include a 52-week low of $48.23 and a 52-week high of $117.85. Currently, silver is trading 55.36% below its 52-week high but remains 9.08% above its 52-week low.
Looking at recent trends, silver was priced at $51.93 per ounce a week ago, showing a 1.31% increase since then. However, it has dropped 14.23% from a month ago when it was trading at $61.33 per ounce.
The factors driving silver prices include inflation expectations, central bank policies, global economic conditions, and investor demand. Currency strength, particularly the U.S. dollar, along with physical and industrial demand, also play significant roles in daily price fluctuations.