Silver jumps as Democrats take Congress and dollar dips: Nov 5, 2026
Silver jumped alongside gold and other precious metals as Democrats took control of Congress, with reports noting a softer dollar and gold above $4,000. The move later faded, with silver falling back below $50 to trade near $49.00 around one-year lows amid the US political shift and broader risk concerns, leaving the gold/silver ratio near 80.
Updated
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Headlines (8)
Carried over from earlier days
- Gold SWOT: BMO Believes Lower Gold Prices Are Starting To Attract Physical BuyersGold Eagle
- Silver Falls Back Below $50 as AI Risk Concerns Spread — Gold/Silver Ratio Nears 80ActionForex
- Silver Price Forecast: XAG/USD trades near $49.00, one-year lows amid US political shiftFXStreet
- Silver Price Forecast: XAG/USD rallies vertically as Democrats take control of HousesFXStreet
- Gold, silver and precious metals prices jump, dollar dips as Democrats take control of CongressCNBC
- Futures Rip As Wall Street Buys The Blue Tsunami; Dollar Slides, Gold Tops $4,000ZeroHedge
- Post US Election, Gold And Gold Miners Soar In ChinaKing World News
- Gold Surges $132, Silver $2.50, But Here Is The Big OpportunityKing World News
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 5 | ||
| Challenger Job Cuts y/y | USD | |
| Unemployment Claims | 197K | USD |
| Prelim Nonfarm Productivity q/q | 2.8% | USD |
| Prelim Unit Labor Costs q/q | 0.3% | USD |
| FOMC Member Hammack Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |
| Natural Gas Storage | 81B | USD |
| Friday, November 6 | ||
| FOMC Member Logan Speaks | USD | |