Comex Silver Delivery Intentions Breakdown - Nov 6
Grade Bneutral AI signal$XAG
COMEX silver futures delivery intentions for November 2026 were reported ahead of the scheduled November 9 delivery date. The November 5 report lists Marex with 12 contracts issued and Wells Fargo Securities with 22 issued and 6 stopped, while the available data is incomplete. The figures could offer insight into near-term physical delivery activity, but the partial breakdown does not establish a clear directional signal for silver.
Bullish strength: 50/100
Bearish strength: 50/100
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.
Gold slipped 0.4% to $4,070.59 per ounce on Friday as volatile oil prices kept inflation concerns alive, but bullion remained up 5% for the week and on track for its strongest weekly gain in over two months. Markets are watching U.S. nonfarm payrolls for clues on Fed policy, with traders pricing a 70% chance of a December rate hike and Goldman Sachs cutting its end-2026 gold forecast to $4,150 from $4,650. Strong jobs data or persistent inflation could pressure gold by reinforcing expectations for tighter monetary policy, while weaker employment figures may support further gains.
MCX gold and silver futures fell around 1.2% on Friday, reversing recent gains during Dhanteras trading. December gold futures dropped 1.18% to Rs.1,42,401 per 10 grams, while silver futures declined 1.24% to Rs.1,84,815 per kilogram; international gold slipped below $4,050 per ounce but remained on track for a weekly gain exceeding 4%. Precious metals could remain range-bound in the near term despite a robust longer-term gold outlook, leaving prices vulnerable to further consolidation.
Gold slipped 0.3% to $4,076.91 per ounce but remained on track for its strongest weekly gain in more than two months, up 5% for the week.
Investors are awaiting U.S. nonfarm payrolls for clues on Federal Reserve policy, while traders price in a 64% chance of a December rate hike and Goldman Sachs cut its end-2026 gold forecast to $4,150 from $4,650.
A weaker jobs report could support gold by reducing rate-hike expectations, while stronger employment data and persistent inflation pressures may intensify downside risks.
Citi Research sees recent pullbacks in corn and soybean prices as buying opportunities, citing rising exports and persistent global supply risks.
Biofuel demand, favorable EPA policy expectations, and Chinese soybean imports support soybeans, while El Niño-related rainfall risks and ongoing Black Sea disruptions threaten agricultural supply.
Escalating weather and geopolitical risks alongside stronger export demand could support a recovery in corn and soybean prices.