Silver

Key insight

$53 caps the post-midterm relief rally — hold above $50.80 (10-day MA) to stay constructive; a close below that reopens the Oct. slide back to $47.50.

Bounced ~6% off $49 post-midterm lows to $52, but faded sharply from $52.85 Thursday peak; USD firms again and Fed rate-hike fears cap recovery inside the $49–$53 range.

Main risk

Fed rate-hike expectations resurgent

Market re-pricing another Fed hike after midterms; USD/JPY at 158.5 and EUR/USD -0.7% today confirm broad dollar strength pressuring silver.