Published: 8 November 2025
Quick take
Spot silver is hovering around the $48.3–$48.5/oz area this weekend, keeping the metal in a tight range just under the psychologically important $50 level. Friday’s New York session (7 Nov) settled near $48.34, with an intraday range roughly $47.95–$48.90. Weekend OTC quotes vary slightly by source and typically see thinner liquidity. 1
Silver price today — 8 November 2025 (weekend snapshot)
- Spot: Around $48.3–$48.5/oz, per real‑time quote pages tracked by SilverPrice.org and major bullion dealers. Weekend pricing reflects OTC trading and may differ from weekday exchange settlements. 1
- Latest completed session (Fri, 7 Nov): XAG/USD closed near $48.34, after trading between $47.95 and $48.90. 2
- Kitco morning fix (Fri, 7 Nov): $48.10/oz at 10:30 NY time, a useful anchor for wholesale spot. 3
Why prices “move” on Saturday: COMEX futures are shut over the weekend, but spot silver trades OTC nearly 24/5. What you see on Saturdays are indicative dealer/OTC quotes that can shift modestly until full liquidity returns Sunday night/Monday.
What moved silver into the weekend
Friday’s bid under precious metals came as the U.S. dollar softened and shutdown jitters kept safe‑haven demand alive. By late Friday, spot silver rose ~0.9% to $48.41, alongside gains in gold. That firm tone set the stage for today’s steady weekend quotes. 4
Weekly performance and range
On a week‑over‑week basis, silver edged lower by ~0.7% (Fri 7 Nov vs Fri 31 Oct: $48.34 → $48.68), underscoring a consolidation phase below $50 despite persistent macro support. Reuters also noted silver posted a weekly loss into Friday’s close. 2
Key numbers (last five sessions ending 7 Nov):
- Close: ~$48.34
- Weekly high/low (Fri intraday): ~$48.90 / $47.95
- Context: Narrow but volatile range as traders fade breakouts ahead of next week’s macro data. 2
Big picture: From October’s spike to November’s consolidation
Silver is cooling after October’s record‑setting burst above $52/oz, when a gold‑led rally and tightness in London spot drove a short‑squeeze dynamic. Late October reports highlighted that shipments of silver into London from the U.S. and China helped ease that squeeze, tempering the pace of gains and contributing to today’s more orderly price action under $50. 5
Retail lens (India) — 8 Nov 2025 snapshot
Indian retail pricing was stable on Saturday. A nationwide update showed silver at ₹152.50/gram (₹1,52,500/kg), unchanged from the prior day, with gold rates flat as well. Local retail prices incorporate taxes, making them higher than international spot quotes. 6
Levels and near‑term outlook
- Resistance: The $49.50–$50.00 zone remains the immediate ceiling; sustained closes above $50 would re‑open October highs. Recent desk notes describe consolidation below $50 as the base case for now. 7
- Support:$47–$48 has acted as a buy zone this month on dips, with the 50‑day reference area nearby according to short‑term technical write‑ups. 7
- Macro drivers to watch: Dollar/yields path, U.S. growth and inflation data, China demand signals, and ongoing policy‑driven safe‑haven flows. Friday’s tone—weaker dollar, haven bid—remains the template many traders are watching into next week. 4
Why it matters now
- Even after easing from October’s peak, silver is still trading well above its mid‑year levels and just shy of a key psychological threshold. Recent bank and market commentary has emphasized that gold’s record run and periodic supply tightness remain supportive for silver, albeit with volatility. 5
FAQs
Is the silver market “open” today (Sat, 8 Nov)?
Futures aren’t, but spot/OTC quotes are available; they tend to be quieter and can differ slightly between providers until full trading resumes. 1
What was the most recent full‑session close before today?
Friday, 7 Nov 2025, near $48.34/oz (XAG/USD). Intraday range: $47.95–$48.90. 2
Did silver finish the week up or down?
Down ~0.7% versus the previous Friday, consistent with reports that the metal logged a weekly loss into the weekend. 2
Editorial note & sources
Prices referenced above draw on independently maintained quote pages and reputable market reporting:
- Real‑time spot: SilverPrice.org; weekend dealer quotes: JMBullion. 1
- Friday session stats and weekly comparison: Investing.com (XAG/USD historical data). 2
- Market drivers and Friday wrap: Reuters commodities coverage (7 Nov). 4
- October highs and London market dynamics: Reuters reporting in October. 5
- India retail rates (8 Nov): GoodReturns nationwide update. 6
This article is for information only and is not investment advice. Always confirm live quotes with your broker or exchange before trading.
