Silver Price Today, November 14, 2025: XAG/USD Holds Near $53 as Record-Breaking Rally Pauses

Spot silver is trading just under the $53 mark today, Friday, November 14, 2025, extending an already dramatic year for the precious metal.

As of around 05:00 a.m. Eastern Time, live spot silver prices from major bullion dealers show the metal at about $52.9 per ounce, roughly 1% higher than yesterday’s close near $52.5 per ounce. ^[1] Data from TradingEconomics likewise places silver around $52.69 per troy ounce, up about 0.7% on the day. ^[2]

Below is a full rundown of how silver is trading today, what’s driving the move, and the main news and analysis published on 14 November 2025 that’s shaping market sentiment.

Live Silver Price on 14 November 2025

Global spot price (USD)

~$52.7–$53.0 per ounce in early U.S. trade
Up roughly $0.50–$0.60 versus Thursday’s levels around $52.4–$52.5 per ounce ^[3]
Daily gain: about 0.7–1.0% depending on the feed ^[4]

Per gram and per kilo (approximate, USD) – based on leading bullion dealer quotes: ^[5]

Silver price per gram: about $1.70
Silver price per kilo: about $1,700–$1,705

Intraday forex-market data for XAG/USD show silver trading today within a relatively tight but elevated range:

High: just above $53.5
Low: roughly $52.4
Close (so far): around $52.7–$52.8 per ounce, up around 0.5% on the session. ^[6]

Prices vary slightly by platform and time of quote, but the key takeaway for November 14, 2025 is that silver remains firmly above $52, not far from its recent all‑time highs.

A Volatile Week After Record October Highs

Today’s move comes after a series of sharp swings over the past month:

The Silver Institute reports that the silver price hit an all-time high of about $54.48 per ounce on October 17, 2025, with a 67% year‑to‑date gain to November 6. ^[7]
A mid‑October article from FXStreet also highlighted how a short squeeze pushed silver to new records above $52.50, as leveraged traders scrambled to cover positions. ^[8]
Fortune’s October 14 update had silver near $50.75 per ounce, underlining just how fast the metal has climbed from the high‑$40s to the mid‑$50s in a few weeks. ^[9]

Over the last several trading sessions:

Silver traded around $48–$51 per ounce in early November, then spiked back above $53 this week. ^[10]
Physical bullion markets yesterday (Nov 13) showed spot silver around $53.08 per ounce, capping a five‑session rally before a modest pullback. ^[11]

In short, today’s price around $52.7–$53 represents a modest rebound after a minor dip, but still keeps silver in a historically elevated band.

What’s Moving Silver Today? (14 November 2025 News Round‑Up)

1. Dollar Weakness and Macro Data

Several November 14, 2025 reports tie today’s silver move to U.S. dollar softness and macro data surprises:

A daily note from Meyka attributes today’s silver strength to a weaker U.S. dollar, arguing that the latest leg of the rally is “linked to dollar weakness” and ongoing interest in precious metals as a hedge. ^[12]
VT Markets highlights stronger‑than‑expected Chinese retail sales, which weakened the dollar and boosted assets like silver and the euro while many cryptocurrencies fell. ^[13]
Another commentary on silver’s intraday rebound points to safe‑haven demand amid uncertainty around upcoming U.S. economic data and the timing of expected Federal Reserve rate cuts. ^[14]

In India, India Today notes that gold and silver on the MCX slipped slightly today after a strong midweek rally, but stresses that international silver prices remain near record levels, with key support around $50–$52 per ounce. ^[15]

2. Ongoing U.S. Shutdown/Re‑Opening Narrative

Commentary from Indian brokerage Mehta Equities, quoted in India Today, links midweek gains in both gold and silver to optimism that the U.S. government would fully reopen within 24 hours and that the return of delayed U.S. data could reinforce expectations for a Fed rate cut in December. ^[16]

Separate pieces on silver’s “post‑shutdown retreat” describe the recent dip as a rebalancing, not the end of the trend, with traders reassessing risk now that a shutdown resolution is in sight. ^[17]

3. Structural Deficit Story Goes Mainstream

The big fundamental story of the day is a fresh press release from the Silver Institute, widely syndicated across newswires, entitled:

“The Silver Market is on Course for Fifth Successive Structural Market Deficit”. ^[18]

Key points from that release:

Global silver supply in 2025 is expected to rise about 1%, mainly due to modest producer hedging.
Global demand is forecast to fall around 4%, with all major demand categories slightly weaker.
Despite that, the market remains in deficit for the fifth straight year, as investment demand more than offsets softer industrial and jewelry demand. ^[19]
Silver has been designated a “critical mineral” by the U.S. government, boosting its strategic profile. ^[20]

This deficit narrative, along with record‑high prices and a 67% year‑to‑date rally, is a major factor behind investor interest and media coverage today.

Technical Picture: Double‑Top Risk vs New Highs

Today’s technical analysis coverage of silver is unusually rich, with multiple pieces dated 14 November 2025:

DailyForex: Double‑Top Risk

DailyForex warns that silver surged to new highs early Thursday but then reversed, creating what could be a shooting‑star candlestick and possible double‑top around the recent peak. ^[21]
The article suggests traders be cautious about “chasing” the move higher until price action confirms whether this is a mere pause or the start of a deeper correction. ^[22]

FXLeaders: Bullish Trend Still Intact

In contrast, an FXLeaders note today remains decidedly bullish: ^[23]

Silver is said to be consolidating above key support between $52.00 and $52.25.
Momentum indicators like the RSI have cooled to around 59, which the analysts read as “healthy” rather than bearish.
They highlight resistance around $54.42, arguing that a breakout could open the door to a move toward $56.24 per ounce in the short term.

Forex24 & India Today: Key Levels to Watch

Forex24’s forecast for November 14 pegs silver at roughly $53.17 at the time of publication, within a bullish ascending channel. The site expects a possible near‑term pullback toward support around $52.25 before another push higher. ^[24]
In the Indian market, Mehta Equities (via India Today) cites international support near $52.50–$52.10 and resistance in the $53.75–$54.20 zone, consistent with the global technical view. ^[25]

ActionForex: Elliott Wave Targets Fresh All‑Time Highs

An Elliott wave analysis from ActionForex published today notes that silver has staged a “notable recovery” from a recent dip near $45.40, within a broader bullish structure that still points to fresh all‑time highs above the prior peak near $54.46. ^[26]

Bottom line on the charts:
Most technical analysts agree that the primary trend in silver is still up, but a cluster of resistance in the $54–$55 area and signs of exhaustion (shooting‑star and spinning‑top candles) mean the market is vulnerable to sharp corrections, even if the longer‑term bull case remains intact.

Local Silver Rates Today: India and Indonesia

India: MCX and Retail Prices

In India, one of the world’s largest silver consumers:

At midday in Mumbai today, MCX silver futures were down about 0.69%, trading near ₹1,61,350 per kg, according to India Today. ^[27]
National rate trackers such as GoodReturns show spot silver in major Indian cities near record highs, with indicative prices around ₹1,73,100 per kg on November 14 – up from ₹1,52,000 per kg at the start of the month, a rise of about 13.9%. ^[28]
In some regional markets like Visakhapatnam, daily quotes list ₹183.10 per gram and ₹1,83,100 per kg, slightly above the national averages, reflecting local demand and premiums. ^[29]

Although MCX futures dipped today, these rupee‑denominated prices underscore just how sharply silver has appreciated for Indian investors in November.

Indonesia: Silver Jewellery Prices Steady

In Indonesia, Pintu News reports that the price of silver jewellery today is around Rp27,339 per gram, described as stable compared with recent sessions. ^[30]

That relative stability in retail jewellery prices reflects both time lags in pricing and local market dynamics (such as inventory purchased at lower wholesale prices) even as global spot prices remain near record territory.

Corporate & Mining News Tied to Silver (14 November 2025)

Alongside price action, there are corporate headlines today that give a sense of how miners and royalty companies are faring in this high‑price environment:

Silver Crown Royalties Inc. released its third‑quarter 2025 financial results this morning. The company reported revenue based on 4,651 ounces of silver (C$251,212) for the quarter, up strongly year‑on‑year despite a small decline from the previous quarter. Management explicitly credited higher silver prices for the revenue growth and emphasized a “robust pipeline” of royalty opportunities. ^[31]

Mining‑sector news sites like MINING.com and other wire services are also prominently featuring the Silver Institute’s deficit story, signalling that structural supply issues have become a central talking point for the industry. ^[32]

Why Silver’s Structural Deficit Matters for Today’s Price

The Silver Institute’s latest analysis helps explain why silver has held above $50 even after bouts of profit‑taking: ^[33]

Investment demand – particularly via exchange‑traded products (ETPs) – is on track for its strongest annual gain since 2020, as investors seek diversification, inflation protection and a hedge against geopolitical risk.
At the same time, supply remains constrained, rising only marginally even with better prices.
This combination has left the silver market in deficit for five consecutive years, drawing down available inventories.

Add in silver’s dual role as both a monetary/precious metal and a critical industrial input in solar panels, electronics and EVs, and you have a backdrop where even modest shifts in investor sentiment can produce outsized price swings—exactly what we’re seeing in November 2025.

What Today’s Silver Price Means for Traders and Investors

With spot silver today (14.11.2025) hovering around $52.7–$53 per ounce, here are a few takeaways based on today’s news and analysis:

Trend still bullish, but volatility high
- Technicals remain broadly positive, with multiple analyses calling for potential moves toward $54–$56 if resistance zones break. ^[34]
- At the same time, candlestick patterns and talk of a possible double‑top suggest increased risk of sharp pullbacks. ^[35]
Macro drivers are supportive—for now
- Weaker dollar, stronger Chinese data and expectations of a Fed rate cut are all supportive for precious metals in general. ^[36]
- Any surprise reversal in inflation or Fed guidance could quickly change that narrative.
Structural deficits underpin the long‑term story
- Five years of market deficits and silver’s new status as a “critical mineral” give longer‑term investors a solid fundamental backdrop—but also mean that liquidity squeezes and short squeezes can be more violent than in the past. ^[37]
Local buyers face record or near‑record prices
- In key consumer markets such as India, rupee‑denominated silver prices are near historic peaks, which may temper retail demand even as investment interest in ETFs and futures remains strong. ^[38]

Final Word

Silver price today, November 14, 2025, can be summed up simply:

Silver is holding near $53 per ounce, slightly higher on the day, after a record‑setting rally, amid a backdrop of dollar weakness, expectations of Fed easing, and a deep, multi‑year structural market deficit.

For anyone following XAG/USD, this remains a market dominated by macro headlines, technical levels and structural supply constraints—a powerful combination that can reward, but also punish, anyone who underestimates its volatility.

As always, this article is for information and news purposes only and does not constitute investment advice. Silver prices can move quickly; before making any trading or investment decisions, consider your risk tolerance, time horizon, and—ideally—seek professional financial guidance.

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