Spot as of 8:04 AM ET, Nov 2, 2026.
Spot Prices · per troy oz
Silver
$50.16
▲ +$0.91 (+1.85%)
XAG/USD · spot
Gold
$3,897.90
▲ +$21.50 (+0.55%)
XAU/USD · spot
Platinum
$1,437.00
▼ −$2.00 (−0.14%)
XPT/USD · spot
Palladium
$992.00
▼ −$9.00 (−0.90%)
XPD/USD · spot
Metals bounced overnight after Friday's liquidation selloff as oil slid on Iran talks. Silver is back above $50; gold is holding near $3,900, still about 30% under January's record. Gold/silver ratio 77.7. Spot: gold-api.com, Nov 2, 8:04 AM ET. Change is measured against Friday's closing spot from the same feed.
Melt Values · what the metal is worth
| Silver Item | Melt |
|---|---|
| 1 oz silver / American Silver Eagle | $50.16 |
| 90% dime | $3.63 |
| 90% quarter | $9.07 |
| 90% half dollar | $18.14 |
| Morgan / Peace dollar | $38.79 |
| 40% Kennedy half | $7.42 |
| War nickel (35%) | $2.82 |
| $1 face of 90% silver | $36.29 |
| $100 face bag (90%) | $3,628.50 |
| $1,000 face bag (90%) | $36,285.02 |
| Gold (pure content) | Melt |
|---|---|
| 1/10 oz gold | $389.79 |
| 1/4 oz gold | $974.47 |
| 1/2 oz gold | $1,948.95 |
| 1 oz gold | $3,897.90 |
Melt ≠ Price Tag
Melt is spot × metal content and nothing else. What you pay or get paid adds dealer spreads and premiums, and those swing with product, condition and demand.
Melt values are spot-only estimates based on spot prices at 8:04 AM ET Nov 2 and exclude dealer spreads/premiums. 90% silver uses 0.7234 oz per $1 face.
Today's Headlines
- Gold bounces off a one-year low as oil slidesSpot gold climbed back to about $3,900 after Friday's 3.6% drop to its lowest since October 2025. Oil fell more than 3% as Iranian and Qatari officials held a third day of talks on ending the war, easing inflation and rate-hike worries. — CNBC/Reuters, Economy Middle East
- Silver rebounds harder, back over $50Silver outran gold in early trade, up about 2 to 2.5%, bouncing off the floor of its falling channel with its RSI near 29, a deeply oversold reading. — Capital Street FX, Moneycontrol
- Packed week: midterms Tuesday, payrolls FridayISM manufacturing lands today, the midterms and JOLTS Tuesday, ADP and ISM services Wednesday, and October jobs Friday. Traders price roughly a 72% to 87% chance of a December Fed hike, depending on the source. — FXStreet, Taurex
- Dollar and yields ease a notchThe dollar index slipped about 0.4% to near 101.6, and the 10-year Treasury yield sits near a seven-week low of 4.92%, well off October's 5.36% peak. That gives metals a little breathing room. — FXStreet
Levels to Watch
▲ Gold must clear
$3,920
▲ Gold upside ref
$4,025
▼ Gold downside ref
$3,830
▼ Gold Fri low
$3,870
$3,920, $4,025 and $3,830 per FinanceFeeds' Nov 2 gold outlook; Friday's low of $3,870.25 per Kitco via FinanceFeeds.
Grumpy's Take
Election week: pace yourself
- Don't spend the whole budget before Friday. Tuesday's vote and Friday's jobs report can each swing metals a few percent. If you planned a buy this week, do half now and hold half until after payrolls. You won't nail the bottom, but you won't nail the top either.
- Oil is steering gold right now. Since the war started, gold has mostly moved opposite crude. A peace deal that knocks oil down has been good for gold, not bad. Read the Iran headlines before you read the gold chart.
- Silver swings twice as wide, both ways. It dropped about 6% Friday and bounced almost 2% this morning while gold moved half a percent. If you can't stomach that, tilt toward gold. If you can, silver's where the bargains show up first.
- Fractional gold costs more per ounce. Ten 1/10 oz coins hold the same gold as one 1 oz coin, $3,897.90 today, but you pay a dealer premium ten times over. Buy fractions when you want small pieces to trade or gift, not to stack cheap.
- Election-week coin trivia: the Kennedy half. Rushed into production after JFK's death, it was 90% silver only in 1964, then 40% from 1965 to 1970. A roll of 20 of those 40% halves holds about 2.96 oz, roughly $148 in silver today. Check the date before you pay silver money.
Prices are spot-based estimates, not financial advice; premiums and spreads vary. Analyst levels are from FinanceFeeds and Kitco, not Grumpy's predictions. Sources: gold-api.com, CNBC/Reuters, Economy Middle East, Capital Street FX, Moneycontrol, FXStreet, Taurex, FinanceFeeds.