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Today’s Forbes Daily newsletter covers silver’s record prices, average car prices rise, Grindr’s stock surge, ghost guns under watch, Dead Internet Theory and more.

On the day of Dhanteras, the price of silver in India today stands Rs 172 per gram and Ts 1,72,000 per kilogram--witnessing a decline of Rs 13 per gram and Rs 13,000 per kilogram.

Silver futures rose 6.8% Monday to settle at $50.13 a troy ounce, topping the longstanding record of $48.70, set in January 1980 during one of the 20th century’s biggest commodity-trading scandals.

TD Securities' Daniel Ghalil thinks the squeeze in silver prices is reaching a high point and market dislocations have become so drastic that they may "self-resolve" in the coming weeks.

Gold prices of 24 kt on MCX, which had recently touched a record high of ₹1,32,294 per 10 grams, fell by around 3 per cent to ₹1,25,957 per 10 grams.

Silver prices gained 3.8% Thursday, extending a record-breaking rally that has Wall Street forecasters raising their price targets for the precious metal. Silver futures for delivery this month rose for the fifth consecutive trading session,

Silver, both in futures & spot markets, now officially broken above the critical $50 level, which marks the completion of a six-decade-old cup and handle chart pattern. Read more here.

The uptrend in the silver market is still definitely strong, but there are sellers on Friday who are trying to bring things back under control. At this point, we are so overdone that the silver market looks like a dangerous place to chase at the moment.

Silver prices have doubled in India this year on the back of industrial demand and festive buying. But experts warn of a short-term correction after Diwali, citing overvaluation and investor profit-taking.

Hindustan Zinc Ltd (HZL) predicts silver prices to remain firm around USD 55/troy ounce until December. Learn about factors driving the surge.