(MENAFN- The Rio Times) São Paulo – As global markets navigate a landscape of industrial demand and supply constraints, silver prices held firm in early trading on November 3, 2025, settling at $48.92 per troy ounce, a modest 0.25% rise from the prior close.

This stability follows a week of fluctuations, with the metal retreating 4-6% from intra-week highs near $48.70, yet maintaining a robust 50% year-to-date gain, underscoring the resilience of free-market dynamics in precious metals.

Over the past seven days, from October 27 to November 2, silver faced downward pressure amid profit-taking and reduced safe-haven buying, as U.S.-China trade tensions eased-a development welcomed by proponents of open commerce.

Prices dipped to lows around $47.80 before rebounding slightly overnight, reflecting cautious optimism in Asian sessions.

Major exchanges played pivotal roles: New York's COMEX saw volumes around 58,100 contracts and rising open interest, while London's LBMA noted improved liquidity post-Diwali in India.



Shanghai's Gold Exchange highlighted China's growing influence with quarterly wholesale volumes up 3% to 297 tons, and Tokyo's TOCOM aligned with broader trends.

Fundamentally, silver's dual appeal as an industrial and investment asset drives its strength. Surging demand from solar panels and electronics has created chronic deficits exceeding 796 million ounces since 2021, with forecasts predicting 100-150 million more in 2025.

However, recent outflows of $352 million from ETFs like iShares Silver Trust tempered gains, amid a stronger dollar and easing geopolitical risks.

Analysts remain bullish: "Silver 's bull market still has room to run," noted one expert, citing constrained supply against rising industrial needs.

Technically, daily charts show an uptrend from August lows, with support at $46.77, while 4-hour views indicate short-term consolidation, suggesting a healthy correction before potential advances.

This performance highlights the benefits of market-led innovation in green technologies, even as regulatory hurdles in some regions-often championed by progressive policies-exacerbate supply shortages.

Investors eye continued growth, buoyed by conservative economic strategies favoring deregulation and trade liberalization.

MENAFN03112025007421016031ID1110285356