Silver Spot Price Holds Near $49 per Ounce on November 1, 2026

The spot price of silver was $49.13 per ounce at 4:05 p.m. Eastern Time on November 1, 2026, according to market data, marking a 0.02% rise of $0.01 from the prior close of $49.12. Over the past 12 months, the metal has gained 0.92%, up from $48.68 per ounce a year earlier.

The price remains 58.15% below its 52-week high of $117.39 and 4.26% above its 52-week low of $47.12. A week earlier, silver traded at $53.91 per ounce, down 8.88% since then, while a month earlier it was $60.90 per ounce, down 19.33%.

"Silver prices are driven by inflation expectations, central bank policy, global economic conditions and investor demand," the article notes, adding that currency strength, especially the U.S. dollar, and physical and industrial demand also influence daily movements.

The ticker XAG/USD tracks the spot price of one troy ounce of silver in U.S. dollars. Investors can access silver through physical coins or bars, exchange-traded funds, or mining stocks, though they should consider costs, storage, and risk tolerance.

The publication emphasizes that it does not provide investment advice and that commodity trading involves substantial risk, with past performance not indicative of future results.