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

Investors monitoring today the silver price are tracking significant international futures swings alongside notable shifts in Indian retail benchmark rates. Global precious metal markets are experiencing fresh volatility following political developments in the United States and peak seasonal demand in Asia. U.S. Midterm Results Trigger Short-Term Silver Rally In the immediate aftermath of the U.S. midterm elections, precious metals witnessed a notable upside reaction. On Wednesday, November 4, 2026 , spot silver surged 5.1% to reach $52.29 per ounce, while silver futures also climbed 5.1% to $52.28 per ounce. This single-day gain of approximately 5% provided momentum after the asset struggled through much of 2026 . Despite the post-election bounce, the broader context highlights earlier downside pressure.

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