Silver price today: 5.1% rally after U.S. midterms, but Indian prices fall on Dhanteras - The Cryptonomist

AI desk brief

Silver rose 5.1% to $52.29/oz on November 4, 2026, while futures gained 5.1% to $52.28; the source links the rally to U.S. midterm results without establishing causation. December futures subsequently reached $52.98 on November 5, but silver had been about 57% below its January high before Wednesday’s advance. In India on November 6, the IBJA indicative 999-purity silver jewellery rate fell Rs 5,437 to Rs 181,863/kg, while MCX December futures declined about 1.24% to Rs 184,815/kg. The divergent moves leave near-term direction mixed; festival timing alone does not establish stronger physical buying.