Silver Price Today, 24 November 2025: Spot Holds Above $51 as Rate‑Cut Hopes Ignite Precious Metals Rally

On Monday, 24 November 2025, silver extended its powerful fourth‑quarter comeback, with spot prices holding firmly above the $51 per troy ounce mark and futures gaining as traders priced in aggressive Federal Reserve rate‑cut expectations and falling bond yields. ^[1]

Global silver price snapshot – 24 November 2025

Spot silver (XAG/USD):
Real‑time market data shows spot silver trading around $51.4 per troy ounce late on Monday, 24 November, according to BullionVault’s live pricing, which quotes approximately $51.41/oz at 22:34 (GMT‑08:00). ^[2]
Intraday range:
Historical data for XAG/USD indicates that on 24 November silver traded between roughly $49.76 and $51.19, opening near $50.04 and settling just above $51.17, a gain of about 2.3% on the day. ^[3]
COMEX futures:
NYMEX/COMEX silver futures for 24 November were reported up 1.15% at about $50.30 per ounce, underscoring broad strength across the futures curve. ^[4]
Monthly and yearly performance:
TradingEconomics data shows silver up roughly 9% over the past month and about 68% year‑on‑year, reflecting a powerful multi‑month bull trend even after October’s spike to record highs above $54/oz. ^[5]

Put simply: silver is no longer quietly hanging out in the $20s—it’s trading in the low‑$50s and behaving like a full‑blown momentum asset.

Why silver jumped today: macro drivers behind the move

1. Fed rate‑cut odds surge again

A major narrative running through today’s metals coverage is renewed optimism for another Federal Reserve rate cut in December.

Hero Bullion’s market note highlights that odds of a third 2025 rate cut at the December FOMC meeting jumped from about 42% last week to over 85% today, according to CME FedWatch, after softer labor data and dovish comments from New York Fed President John Williams. ^[6]

Lower expected interest rates weaken the US dollar and reduce the opportunity cost of holding non‑yielding assets like silver, which helps explain why silver added more than $1.60/oz on the day, outpacing gold in percentage terms. ^[7]

2. Falling US yields and safe‑haven demand

Short‑ and long‑term US Treasury yields have been drifting lower as markets reassess the path of US growth and inflation. Several FX and macro desks describe a classic “risk‑rebalancing” move where investors are trimming exposure to expensive tech stocks and rotating partly into precious metals and defensive assets. ^[8]

A note relayed via FXStreet and Octa captures the tone: silver has rebounded toward the $51.3–$51.4 region as falling US Treasury yields fuel upside momentum, with bulls eyeing resistance near $52.4 and yearly highs around $54.4. ^[9]

3. Big picture: structural supply deficit

Beyond today’s macro fireworks, some analysts emphasise that silver’s rally sits on top of a multi‑year physical deficit. A recent report summarized by Goldinvest.de notes that consultancy Metals Focus expects a 2025 silver market deficit of ~95 million ounces, contributing to a cumulative shortfall of almost 820 million ounces since 2021. ^[10]

That backdrop of tight supply plus resurgent investor demand helps explain why silver has been able to bounce so aggressively whenever dips toward the high‑$40s appear.

Technical picture: bulls defend key supports, eyes on $52–$54

Today’s move wasn’t just a macro story—it was also a technical inflection point for XAG/USD.

Hammer reversal off key moving average

FXEmpire’s Bruce Powers characterises Monday’s price action as a textbook bullish hammer on the daily chart:

Silver bounced sharply from Friday’s low near $48.64,
Then closed above Friday’s $50.87 high,
And reclaimed the rising 50‑day moving average, signalling that the recent six‑day correction is likely complete. ^[11]

From that setup, FXEmpire highlights upside targets at $52.47 and $54.39, with the latter near October’s high and the top of an ascending price channel. ^[12]

Intraday structure: $49.06 support and $50.40 supply

Intraday, the early European session saw silver consolidating just under $50, still digesting last week’s sharp drop. FX Leaders’ technical note points to: ^[13]

A key supply zone at $50.10–$50.40, which has repeatedly capped rallies in the last 48 hours.
A major pivot support at $49.06, where buyers have stepped in multiple times, reinforcing an ascending trendline from early November.
Short‑term pressure from trading below the 20‑period EMA on lower timeframes, suggesting bulls are in control structurally but still fighting near‑term overhead resistance.

Their roadmap for traders (paraphrased):

Bullish scenario:
A sustained break and close above roughly $50.4–$50.5 opens the door to $52.19, $53.23 and $54.42.
Bearish scenario:
A decisive drop below $49.06 risks a deeper pullback toward $47.99 and $47.03.

DailyForex’s video update for 24 November tells a similar story, noting that silver recently “plunged toward a long‑term uptrend line”, with $47 flagged as the crucial breakdown level and upside potential contingent on reclaiming $50 and higher resistance levels. ^[14]

In short: the battlefield is the $49–$51 zone. So far, the bulls are winning.

Silver prices in India today (24 November 2025)

India remains one of the world’s most important silver consumers, and local prices offer a useful window into physical demand.

All‑India benchmark

Goodreturns’ national benchmark for silver shows that on 24 November 2025: ^[15]

1 kg of silver: about ₹1,63,000,
10 g of silver: around ₹1,630,
Down roughly ₹1,000 per kg from the previous listed session.

Their 10‑day history indicates that Indian silver has climbed from ₹1,52,000/kg on 1 November to ₹1,67,000/kg by 25 November, a gain of nearly 10% for the month—mirroring the global rally. ^[16]

Diverging quotes across data providers

Interestingly, Livemint’s silver dashboard—tracking metro‑city retail rates—shows a higher reference level for 24 November, with an India‑wide historical row listing ₹1,810 per 10 g and ₹1,81,000 per kg for that date. ^[17]

The discrepancy between Goodreturns (₹1.63 lakh/kg) and Livemint (₹1.81 lakh/kg) illustrates how:

Some feeds use futures‑linked national benchmarks,
Others use averages of local jeweller/wholesale quotes in major cities.

For practical purposes, Indian buyers today were generally facing silver between ~₹1.6 lakh and ₹1.8 lakh per kg, depending on region, purity and dealer markup.

Silver jewelry and retail demand in Asia

Indonesia: stable jewelry prices despite volatility

Pintu News reports that in Jakarta, the retail price of silver jewelry on 24 November 2025 was: ^[18]

IDR 26,000 per gram (sell price)
IDR 25,487 per gram (buyback price)

The article notes that interest in silver jewelry is rising as consumers look for more affordable alternatives to gold that still carry aesthetic and investment appeal. It also highlights that:

Antam’s pure silver bars and branded “Heritage” products carry additional VAT and premiums,
Buy–sell spreads on jewelry remain wide due to labour costs and retailer margins.

This is a good reminder that retail jewelry prices move with the global silver price, but with a lag and a heavy premium—very different from spot or futures quotes.

Futures, spot, and derivatives: what today’s numbers are telling traders

A quick comparison of today’s key reference points:

Spot silver (professional OTC market): roughly $51.2–$51.4/oz into the US evening. ^[19]
NYMEX silver futures: about $50.30/oz, up 1.15% on the session. ^[20]
Short‑term forecasts: Several trading and analysis desks (FXEmpire, FXLeaders, FXStreet) are now openly discussing upside scenarios back toward $52–$54, contingent on holding support above the high‑$40s. ^[21]

The modest discount of futures versus spot suggests strong near‑term demand for immediate physical and OTC exposure, consistent with safe‑haven flows and short covering after last week’s drop.

Round‑up of major silver‑related headlines on 24 November 2025

Here’s how some of the day’s notable voices framed the move:

Fortune – “Current price of silver as of Monday, November 24, 2025”
A consumer‑facing explainer emphasising silver’s role as a potential inflation hedge and walking readers through the basics of spot pricing and how it has moved in recent weeks. ^[22]
Hero Bullion – “Gold and Silver Up as Rate Cut Odds Surge”
Focus on the Fed story: silver adds more than $1.60/oz as December rate‑cut expectations spike and the gold–silver ratio nudges lower toward 80:1, implying silver outperformance. ^[23]
Libertex – “Silver (XAG/USD) back above $50 this morning but downside risks not yet removed”
Describes how silver fell as low as $48.64 on Friday, then rebounded to end the week near $50.02 and trade a $49.72–$50.40 range Monday morning, closing with a cautious note that the broader trend will be decided by whether prices break recent extremes around $45.55 and $54.47. ^[24]
FX Leaders – “Silver Price Forecast – Buyers Hold $49.06 Support as Trendline Defends Uptrend”
Zeroes in on the $49.06 pivot and ascending trendline, arguing that while silver is consolidating below resistance at $50.40–$50.10, the structure remains constructive so long as that support holds. ^[25]
FXEmpire – “Silver (XAGUSD) Price Forecast: Hammer Breakout Off 50-Day – Targets $52.47–$54.39”
Frames Monday’s session as a hammer breakout off the 50‑day moving average, signalling the end of the short correction and calling for potential tests of $52.47 and $54.39 if bullish momentum continues. ^[26]
Goodreturns – “Big Drop in Silver Rate in India Today After Rising…”
From an Indian retail perspective, Goodreturns recounts how on 24 November the national benchmark fell to roughly ₹1,63,000/kg, before rebounding on 25 November to ₹1,67,000/kg, highlighting how domestic prices track both international moves and the USD/INR exchange rate. ^[27]
Pintu News – “Silver Jewelry Price Today, Monday November 24, 2025”
Focuses on Indonesia’s retail jewelry market, stressing that silver jewelry at IDR 26,000/gram remains attractive for younger, cost‑conscious buyers even as the global spot price surges. ^[28]

Together, these headlines sketch a coherent story: macro tailwinds + structural supply tightness + a technically significant bounce have put silver firmly back in the spotlight.

What investors and traders should watch next

Looking beyond today’s fireworks, several themes are likely to drive silver in the coming days and weeks:

US macro data & Fed communication
Upcoming US retail sales, inflation and labor data will feed directly into December rate‑cut odds. Any downside surprises in growth or upside surprises in unemployment tend to support silver via weaker real yields and a softer dollar. ^[29]
Whether $49–$50 holds as a new “floor”
- Bulls want to see $49.06–$50 hold on any pullback. ^[30]
- Bears would need a decisive break below the mid‑$40s to argue the current uptrend is seriously compromised.
Re‑test of the $54 area
With October’s record peak near $54.5/oz still fresh in traders’ minds, any renewed run toward that level is likely to attract heavy attention and profit‑taking. ^[31]
Physical demand in India and Asia
Indian and Indonesian retail buying at elevated price levels will be an important litmus test for how sustainable the rally is. Prices near or above ₹1.7–₹1.8 lakh/kg in India and IDR 26,000/gram in Indonesia may start to pressure discretionary jewelry demand if the move continues unchecked. ^[32]
Ongoing supply‑demand imbalance
The structural deficit story—an estimated 95 million‑ounce shortfall in 2025 and nearly 820 million ounces of cumulative deficits since 2021—remains the slow‑burn narrative underneath the daily volatility. ^[33]

Important note on prices and risk

Silver prices move minute by minute, and the figures above describe levels reported for 24 November 2025 by reputable data and news providers at specific times of day. Actual quotes can differ slightly between brokers, exchanges, and local dealers due to spreads, taxes and currency effects.

This article is informational, not investment advice. Anyone considering trading or investing in silver should:

Check live prices with their broker or bullion dealer,
Understand leverage, margin and downside risk in futures or CFDs,
And consult a qualified financial adviser before committing capital.

In the meantime, silver has made it very clear where it stands as of 24 November 2025: back above $50, in a strong but volatile uptrend, and squarely in the global market’s line of sight.

🔔 Silver Prices SKYROCKET! Are We Facing an IMMINENT Central Bank COLLAPSE? 💰📈