Forex News
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $50.91 per troy ounce, down 1.57% from the $51.72 it cost on Wednesday.
Silver prices have decreased by 28.38% since the beginning of the year.
Unit measure | Silver Price Today in USD |
|---|---|
Troy Ounce | 50.91 |
1 Gram | 1.64 |
The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 77.22 on Thursday, up from 77.05 on Wednesday.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
(An automation tool was used in creating this post.)
Commerzbank Research highlights escalating tensions in the Strait of Hormuz, with reported mine strikes on tankers and disrupted LNG flows, as a key driver of Oil’s rebound.
Hormuz conflict underpins Brent prices
"Tensions in the Strait of Hormuz escalated overnight."
"Iran’s IRGC Navy claimed two additional oil tankers struck mines while attempting to transit the waterway, with both vessels reportedly on fire."
"Brent crude rose 1.2% to USD92.63, as the latest Hormuz mine incidents provided a floor to prices despite the broader November slide of approximately 17%."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
ING strategist Frantisek Taborsky notes that rising global energy prices and a stronger Dollar are pressuring Central and Eastern European currencies. EUR/PLN is near 4.420, EUR/CZK at its highest since mid-October, and EUR/HUF above 365. ING maintains a bearish view on CEE FX, expecting further downside for regional currencies as markets follow the broader global narrative ahead of local GDP data and CNB minutes.
Regional currencies face renewed downside pressure
"Following a rebound in global energy prices, we observed a rise in rates across the CZK and HUF markets, roughly 5-8bp along the entire curve. At the same time, CEE FX has come under renewed pressure due to energy prices and the US dollar reaching new highs."
"EUR/PLN has returned to near its local high of around 4.420. EUR/CZK has reached its highest levels since mid-October, and EUR/HUF has moved above 365."
"This aligns with our bearish view on CEE FX, and we maintain this bias."
"Until then, however, the direction remains unchanged, and we may see further downside for CEE currencies."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
MUFG’s Lee Hardman highlights that the US Dollar has extended gains, pushing the Dollar Index to a fresh year-to-date high as markets price a faster pace of Federal Reserve rate hikes. Futures now fully discount a 25bps move in December and additional tightening into January, with upcoming Fed speakers seen as key for confirming the likelihood of back-to-back hikes.
Dollar index climbs on Fed repricing
"The US dollar has continued to strengthen overnight resulting in the dollar index hitting a fresh year-to-date high of 103.08. The US dollar’s renewed upward momentum has been encouraged by expectations that the Fed is likely to speed up the pace of rate hikes in response to the recent run of stronger US inflation data."
"There are currently around 28bps of hikes priced by December, and 43bps of hikes priced by the following meeting in January indicating that even if the Fed hikes by 25bps in December it is now expected to quickly follow up with another 25bps hike at the start of next year."
"The updated views of New York Fed President John Williams could carry more weight. He stated earlier this month that it is an “appropriate time to accumulate more information to help us determine what the appropriate stance of policy is to make sure we achieve a timely return to our 2% target”. While we don’t expect a larger 50bps hike to be delivered in December, it is more likely now that the Fed could hike rates back-to-back in December and January."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
- Euro may struggle as the ECB is expected to halt interest rate hikes after December due to growing economic uncertainty.
- Rising crude oil prices could lift the commodity-linked Canadian Dollar, putting downward pressure on the EUR/CAD cross.
- Persistent Middle East tensions and deadlocked US–Iran nuclear talks continue to limit downside risks for oil prices.
EUR/CAD inches higher after two days of losses, trading around 1.5810 during European hours on Thursday. However, the currency cross may face further challenges as the Euro (EUR) remains under pressure.
Market experts doubt that the European Central Bank's (ECB) monetary tightening cycle can be sustained in the long run. Although the ECB has raised interest rates twice this year and is projected to deliver one final hike at its December meeting, growing economic uncertainty is expected to halt further tightening afterward.
Strategists at Rabobank caution that, while another rate increase in December remains likely, “the ECB, however, could prove to be reluctant to hike rates beyond December.” They note that “the last ECB press conference suggested that the GC were becoming increasingly concerned about the growth outlook,” reinforcing the view that mounting downside risks to Eurozone activity may temper the central bank’s appetite for further tightening once this year’s move is delivered.
Additionally, the EUR/CAD cross is depreciating as the commodity-linked Canadian Dollar (CAD) gains support from rising oil prices. Crude oil prices have recovered their daily losses because persistent geopolitical tensions in the Middle East are offsetting the downward pressure caused by increasing regional crude output.
According to Reuters, Ole Hansen, head of commodity strategy at Saxo Bank, noted that the market is currently in a "no war, no peace" situation. This dynamic is allowing Middle East oil production to recover from recent disruptions despite the deadlock in US–Iran negotiations. While the returning supply is pressuring crude prices, Hansen stated that lingering geopolitical risks will likely limit any further downside.
Meanwhile, Iranian security chief Mohsen Rezaei declared in televised remarks that Iran will not allow even a single particle of enriched nuclear material to leave the country, warning of consequences if the US launches new strikes. For its part, Washington has insisted that nuclear issues must be included in any initial negotiations aimed at ending the eight-month-old war, though US officials have downplayed the need for further military action.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.03% | 0.03% | -0.11% | 0.03% | 0.36% | 0.09% | -0.10% | |
| EUR | 0.03% | 0.05% | -0.07% | 0.04% | 0.39% | 0.10% | -0.08% | |
| GBP | -0.03% | -0.05% | -0.13% | -0.01% | 0.33% | 0.06% | -0.14% | |
| JPY | 0.11% | 0.07% | 0.13% | 0.12% | 0.46% | 0.18% | -0.00% | |
| CAD | -0.03% | -0.04% | 0.01% | -0.12% | 0.34% | 0.06% | -0.12% | |
| AUD | -0.36% | -0.39% | -0.33% | -0.46% | -0.34% | -0.27% | -0.46% | |
| NZD | -0.09% | -0.10% | -0.06% | -0.18% | -0.06% | 0.27% | -0.16% | |
| CHF | 0.10% | 0.08% | 0.14% | 0.00% | 0.12% | 0.46% | 0.16% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Paul Donovan at UBS points out that US initial jobless claims may draw attention in a quiet data calendar, alongside upcoming Housing data.
Jobless claims and wage-price risks
"US initial jobless claims data may get some attention in an otherwise relatively quiet data calendar."
"US policy-makers would have to be concerned if there were evidence of a really tight labor market, creating a wage-price spiral."
"However, in spite of repeated inflation shocks, that has not emerged."
"Housing data is also due."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Commerzbank Research expects India’s October CPI inflation to rise above 6% year‑on‑year, driven by high Oil prices, strong domestic demand and an unfavourable base. The report notes RBI’s projections keep inflation near the top of its target band through mid‑2027, implying further rate hikes. OIS pricing suggests cumulative tightening of nearly 90bp by February 2027.
Sticky inflation keeps RBI on tightening path
"It is expected to climb further and could well exceed 6% you compared to 5.5% in September."
"More worryingly for RBI, this low base effect will persist into November and December, which is likely to keep inflation elevated above 6.0% throughout Q4 2026."
"In the October review, RBI projected inflation at 6% in Q4 2026, and for it stay firm for the next two quarters, at 5.7% in Q1 2027 and 5.6% in Q2 2027."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
UBS economist Paul Donovan notes that UK GDP has maintained recent strength, with further gains in the third quarter driven mainly by Services. He highlights that UK consumers have seen small positive real income growth and still have scope to lower savings rates, supporting ongoing consumption.
Services-led expansion supports consumption
"UK GDP continued its recent strength, with further gains in the third quarter."
"Services led growth, with car and chemical imports the main offset."
"UK consumers have generally experienced a small positive real income growth, but have room to reduce savings rates and continue consuming."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
- USD/CHF corrects lower from four-week highs at 0,8337 to test support in the 0.8310-0.8315 area.
- Market expectations of a Fed rate hike in December are likely to limit US Dollar dips.
- The technical picture shows a mild correction from overbought levels.
The US Dollar (USD) posts moderate losses against the Swiss Franc (CHF) on Thursday, trimming gains after a 1.7% rally over the previous two days pushed momentum indicators into overbought levels on intraday charts. The USD/CHF pair trades at 0.8320 after pulling back from one-month highs near 0.8340, testing support at previous highs between 0.8310 and 0.8315.
Dollar dips, however, are expected to remain shallow, as recent US data, namely the hot consumer inflation figures seen on Tuesday and the strong employment report released last week, have paved the way for the Federal Reserve (Fed) to hike interest rates again in December.
Fed officials have endorsed that view, and some of them might reiterate their stance later on Thursday. Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly have already expressed their concern about the high inflation pressures earlier this week. New York Fed President John Williams, who is also expected to speak later in the day, has already hinted at a further rate hike before year-end. Bearing this in mind, it is difficult to foresee any significant US Dollar reversal.
Technical Analysis: Pulling back from overbought levels
Bulls found resistance at the 78.6% Fibonacci retracement of the October-November rally, and the pair is now correcting lower from oversold levels, with dips likely to find buyers. The USD/CHF is now trading at 0.8322, with the 4-hour Relative Strength Index (14) hovering near 67, still close to overbought territory, and the Moving Average Convergence Divergence (MACD) in positive territory, which suggests that buying pressure is still present even as upside appears to be slowing.
Bears are struggling to push prices below the mentioned support area above 0.8310. Below here, the next relevant target is at the November 10 high, near 0.8270, although it seems a far-away level for today. On the topside, a confirmation above the mentioned Fibonacci retracement of 0.8337 would expose a key resistance at the October 14 high at 0.8395,
(The technical analysis of this story was written with the help of an AI tool. Know more.)
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.03% | 0.00% | -0.11% | 0.02% | 0.34% | 0.09% | -0.11% | |
| EUR | 0.03% | 0.04% | -0.07% | 0.04% | 0.38% | 0.10% | -0.09% | |
| GBP | -0.01% | -0.04% | -0.11% | 0.04% | 0.34% | 0.05% | -0.13% | |
| JPY | 0.11% | 0.07% | 0.11% | 0.12% | 0.45% | 0.18% | -0.00% | |
| CAD | -0.02% | -0.04% | -0.04% | -0.12% | 0.33% | 0.06% | -0.13% | |
| AUD | -0.34% | -0.38% | -0.34% | -0.45% | -0.33% | -0.25% | -0.45% | |
| NZD | -0.09% | -0.10% | -0.05% | -0.18% | -0.06% | 0.25% | -0.17% | |
| CHF | 0.11% | 0.09% | 0.13% | 0.00% | 0.13% | 0.45% | 0.17% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
- WTI struggles to capitalize on an intraday bounce and remains below the overnight swing high.
- Traders opt to wait for further geopolitical developments before placing fresh directional bets.
- The bearish technical setup suggests that the path of least resistance remains to the downside.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some dip-buyers on Thursday, climbing back above the $86.00 mark during the first half of the European session. The commodity, however, lacks follow-through and remains below the previous day's swing high as traders await further developments surrounding the Middle East crisis.
US forces reportedly carried out a series of strikes on Iran's Qeshm Island, while Tehran attacked ship navigation systems on the Omani island of Didamar, located at the entrance of the Persian Gulf. Moreover, Iranian Armed Forces Deputy Chief of Staff Brigadier General Kioumars Heidari said that Tehran has closed the strategic Strait of Hormuz and will not open it except by the order of the leader of the revolution. This keeps the geopolitical risk premium in play and offers some support to crude oil prices.
Investors, however, remain hopeful over a potential diplomatic breakthrough to end the US-Iran conflict and the Russia-Ukraine war. Moreover, rising US crude inventories have fueled concerns about a potential supply glut, which holds back bulls from placing aggressive bets on the black liquid. In fact, US production for the week ending October 30 reached a new record; the American Petroleum Institute (API) estimated that US commercial crude inventories rose about 9 million barrels in the week ending November 6.
From a technical perspective, crude oil prices maintain a bearish near-term tone beneath the 100-day Simple Moving Average (SMA) at $86.81. Adding to this, momentum indicators reinforce the soft bias, with the Relative Strength Index (14) hovering near the low-30s and the Moving Average Convergence Divergence (MACD) line holding below zero with a negative histogram, hinting at persistent downside pressure. That said, the 50.0% Fibonacci retracement at $85.61 offers immediate structural support.
A convincing break below would expose deeper Fibonacci floors at $81.26 (61.8%) and $75.06 (78.6%), while a more distant structural base emerges near $67.17. On the topside, immediate resistance is seen at the 100-day SMA at $86.81, followed by the 38.2% retracement at $89.96. A sustained break above these would be needed to ease the current bearish bias and open the way toward the 23.6% retracement at $95.34, with the cycle high region near $104.04 remaining a remote barrier for now.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
WTI daily chart
WTI Oil FAQs
WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.
Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.
The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency.
OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.
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