Highlights

  • Silver CFDs traded at USD 49.71 per ounce, down USD 0.94 (-1.85%) on the displayed daily candle.
  • The session opened at USD 50.60 and reached a high of USD 50.87.
  • The daily low stood at USD 49.66, below the opening price.
  • Silver traded below the chart’s displayed SMA of 52.48.
  • The RSI reading stood at 28.90, below the 30 threshold.
  • The chart showed a lower-price sequence from late August through early November.

Silver faced another declining session in the daily TradingView chart dated November 3, 2026. The silver CFD Quotation stood at USD 49.71 per ounce, down USD 0.94 (-1.85%) on the displayed candle. The market opened at USD 50.60, briefly reached USD 50.87 and traded as low as USD 49.66. That combination left the latest price near the session low, while the chart’s broader trajectory showed prices retreating across recent months.

Source chart, November 3 2026

Price Action: A Lower Close in a Softening Trend

The latest candle reflects a negative session for the silver CFD contract shown in the chart. With the closing quotation below the open, the displayed move continued the recent decline visible toward the right-hand edge of the daily series. The session high of USD 50.87 remained above the open, but the last price of USD 49.71 sat much closer to USD 49.66, the marked daily low.

Across the historical window, silver traded at substantially higher chart levels earlier in the year. A rebound during August gave way to renewed weakness in September and October, followed by a further retreat into early November. These observations describe the plotted price pattern; the chart does not identify a supply, Demand or macroeconomic catalyst for the movement.

Technical Outlook: Silver

The displayed price of USD 49.71 was below the chart’s simple moving average, marked at 52.48. This positions the latest quotation beneath the plotted trend line. The chart labels the indicator as SMA but does not identify its calculation period, so a 21-day reading cannot be verified from this image.

The RSI indicator registered 28.90, while the second line in the RSI panel showed 33.56. An RSI below 30 is commonly described as oversold, reflecting weak recent price momentum rather than establishing that a Reversal has begun. The RSI reading is consistent with the current downward pressure visible in the price series. The panel does not state the RSI lookback period.

Key Levels to Watch

The day’s recorded low of USD 49.66 and high of USD 50.87 define the observed session trading range, not independently validated support or resistance levels. The displayed SMA at 52.48 provides an additional chart reference above the current quotation. No formally designated immediate or secondary support and resistance values were provided, so none are assigned here.

Summary

Silver CFDs stood at USD 49.71 per ounce on the supplied November 3, 2026 daily chart, down USD 0.94 (-1.85%). The latest quotation was below the displayed SMA of 52.48, and the RSI reading of 28.90 indicated weak momentum. The image provides price and technical information but no verified economic, inventory or production developments to explain the decline.