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Silver settled 2.59% higher in Indian rupee terms, supported by a weaker US dollar and lower crude oil after Iranian and Qatari diplomatic talks. Markets were pricing a 75% probability of a 25-basis-point Federal Reserve rate hike in December, which capped gains.
Analysts also outlined silver's supply-demand balance and price forecasts through 2027.
A softer dollar and lower oil reduce pressure on input costs, but expectations of further US rate hikes limit upside for non-yielding metals and strengthen the dollar. The effect on feed commodities is limited, as the story concerns precious metals rather than grain or protein supply.
in.investing.comInvesting.com IndiaNov 3, 2026After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
