Weekly Special Report: SILVER

 

 

U.S. MIDTERM ELECTIONS:

• U.S. MIDTERM ELECTIONS: NOVEMBER 3, 2026. The midterm elections take place halfway through a US president’s four-year term. This year, they will be held on November 3, 2026. Voters will elect all 435 members of the House of Representatives and 35 of the 100 members of the Senate. The results will determine which party, the Democrats or the Republicans, controls each chamber of Congress for the following two years. Currently, President Donald Trump is a Republican, while Republicans hold a narrow majority in both chambers of Congress, with 219 seats in the House and 53 seats in the Senate.
• SILVER HAS HISTORICALLY PERFORMED STRONGLY DURING U.S. ELECTION YEARS. Since 2000, silver has risen in 9 of 13 U.S. election years, with an average gain of 13.7%.
• MIDTERM ELECTION YEARS: Silver rose in 4 of 6 midterm election years since 2000, with an average gain of 17.9%.
• WHEN DONALD TRUMP WAS INVOLVED IN ELECTIONS: Donald Trump was involved as a presidential candidate in 2016, 2020, and 2024, and was the sitting president in 2018 during the 2018 Midterm Elections. During U.S. election years involving Donald Trump, silver gained an average of 19%.

Data Source: Investing.com

 

 

 

U.S. LABOUR MARKET DATA:

• TUESDAY, NOVEMBER 3 AT 15:00 GMT: U.S. JOLTS JOB OPENINGS (SEPTEMBER). U.S. job openings declined to 7.079 million in August, down from 7.335 million in July, indicating a cooling labor market. A lower-than-expected reading could signal further weakness in labor demand, potentially reducing expectations of higher interest rates and supporting silver prices. 
• WEDNESDAY, NOVEMBER 4 AT 13:15 GMT: U.S. ADP NONFARM EMPLOYMENT CHANGE (OCTOBER). Private-sector employment increased by 90,000 in September, exceeding expectations. However, the latest forecast points to a slower increase of approximately 65,000 jobs in October. A weaker-than-expected reading could indicate slowing employment growth, potentially weighing on the U.S. dollar and supporting silver prices.
• FRIDAY, NOVEMBER 6 AT 13:30 GMT: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (OCTOBER). U.S. nonfarm payroll employment increased by only 29,000 in September, while the unemployment rate rose to 4.2%. Another weak employment report could reinforce concerns about a cooling U.S. labor market, potentially increasing expectations of a less restrictive Federal Reserve monetary policy, weighing on the U.S. dollar and supporting silver prices.

 

 

TECHNICAL ANALYSIS:

SILVER: NOVEMBER 2025 – NOVEMBER 2026 PRICE REVIEW

• BREAKING (OCTOBER 30): SILVER PRICE HIT ITS LOWEST RATE SINCE NOVEMBER 2025 ($48.834).
• SUPPORT AREA: $50 - $45: Silver prices tested this region again in late October, for the first time since late 2025. On October 30, silver reached its lowest level since November 2025, falling to $48.834.
• UPTREND 2025 - 2026. Although silver prices have pulled back in 2026, they are still up around 73% since the beginning of 2025. However, prices could decline further.

 

GRAPH (Daily): September 2025 – November 2026

Please note that past performance does not guarantee future results

 

Silver, November 2, 2026
Current Price:  49.80

 

Example of calculation based on weekly market trend for 1.00 Lot¹

1.  The above calculations are made based on 1.00 lot which is equivalent of 10,000 units
2.  Calculations for exchange rate used as of 11:00 (GMT) 02/11/2026

 

You can use risk management tools such as Stop-Loss and Take-Profit.