🟢 Silver is trading 3.72% up as softer oil eased inflation concerns

Silver is trading 3.72% higher at $51.11, as softer oil eased inflation concerns and precious metals recovered after a steep decline in the previous session.

• Reuters reported spot silver climbed 2.3% to $50.24 on November 2, as softer oil eased inflation concerns.
• Lingering expectations of a possible December Fed rate increase may weigh on non-yielding metals; U.S. equity indices are higher.
• No silver-specific company catalyst applies to this futures contract.