Silver prices traded with notable volatility during the week of November 9, 2026, peaking near $53.70 before retreating toward $50 amid hotter-than-expected October U.S. CPI data that reinforced expectations for a December Federal Reserve rate hike. The stronger dollar and 10-year Treasury yields above 5% exerted downward pressure on the metal, though industrial demand and its correlation with gold provided some support near the $50 level. Traders are now monitoring upcoming PPI releases, jobless claims, and the December FOMC meeting for further clarity on monetary policy and inflation trajectory, which continue to shape near-term price action in XAGUSD.