Two early Wednesday, Nov. 11, price feeds put silver above $52.90 per troy ounce, but they reported different daily changes, making the provider and snapshot time important when comparing the move.
In its automated update, published at 4:30 a.m. ET (09:30 UTC), FXStreet quoted silver at $52.92 an ounce and said it was up 2.73% from its Tuesday reference of $51.52. The displayed prices work out to about 2.72%, while FXStreet did not disclose the calculation behind its reported rate. The outlet gave no reason for the increase.
At 3:29 a.m. ET (08:29 UTC), Exchange Rates UK showed XAG/USD at $52.9269 and a 2.65% daily change. Its page listed Nov. 10 separately at $51.54 and did not identify that historical price as the comparison base for the percentage.
The readings came before the scheduled start of the LBMA Silver Price auction at 7 a.m. ET (12:00 UTC). ICE Benchmark Administration lists noon London time (12:00 UTC) as the auction start and identifies its final auction price as the benchmark; the live XAG/USD quotes are separate from it.
The update follows EconoTimes’ Tuesday’s early reading, which reported a separate FXStreet quote of $52.51 per troy ounce.
