Silver tests $48.89 support as Fed inflation trap tightens: Nov 2, 2026
Silver has plunged with gold as the Fed's inflation trap tightens, with coverage describing a steep downtrend testing key support at $48.89. Gold steadied at $3,900 after its worst October since 2008, while silver coverage frames the move as a critical technical correction with focus on the $50.00 level and the year-to-date low.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (9)
First seen on November 2
- Bond Markets Surge as Investors Reassess US AI Tech Sector GrowthBitcoin.com News
- Silver Price Forecast: XAG/USD awaits move beyond $50.00 to extend recovery from YTD lowFXStreet
- Silver in steep downtrend, tests key support at $48.89: LiveInvesting.com
- Silver Futures: A Critical Technical Correction and the Next 90-Day CycleInvesting.com
- Gold steadies at $3,900 after worst October since 2008gulfnews.com
Carried over from earlier days
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 2 | ||
| Final Manufacturing PMI | 56.0 | USD |
| Construction Spending m/m | 0.4% | USD |
| ISM Manufacturing Prices | 77.2 | USD |
| ISM Manufacturing PMI | 54.5 | USD |
| FOMC Member Goolsbee Speaks | USD | |
| Loan Officer Survey | USD | |
| Omdia Total Vehicle Sales | USD | |
| Tuesday, November 3 | ||
| JOLTS Job Openings | 7.11M | USD |