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Silver futures rose more than 5% on Wednesday as the dollar weakened after the US midterm elections, with December COMEX silver above $52 an ounce. Attention turned to the Friday US jobs report.
The rally is driven by a weaker dollar and gridlock expectations rather than feed-relevant supply changes, so its direct price implication for feed buyers is minimal.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.