Silver futures surged over 2% as Chinese stockpiles dropped to decade lows, prompting significant shipments to London to ease supply tightness. Record Chinese exports of over 660 tonnes in October highlighted the shift. Meanwhile, Gold futures climbed back above $4,200 amid a weaker dollar and rising expectations for a Federal Reserve interest rate cut in December. Markets priced in an 82.9% chance of a reduction, supporting precious metals which have seen substantial gains this year driven by central bank purchases and retail demand. Technical analysis pointed to critical support levels for both metals.