Silver Extends Recovery

2026-02-06 14:27 By Andre Joaquim 1 min. read

Silver extended its rebound toward the $78 per ounce mark on Friday, halting the selloff that started late January as markets gauged solid fundamentals for the metal against overdone speculative positions that triggered unprecedented volatility for the asset.

Despite the rebound, silver prices erased all of this year's gain days after reaching a record of $121 on January 29th, after a wave of selling triggered higher margin requirements and magnified liquidation.

Catalysts for the plunge also included the nomination of Kevin Warsh for the next Fed Chairman, who previously displayed strong views against a large Fed balance sheet.

Precious metals had rallied after the US presidential administration hinted at efforts to weaken the dollar, in addition to geopolitical concerns in between NATO members and Middle Eastern military powers.

At the same time, speculative bets on silver due to its industrial use in electrification and AI infrastructure added to the bullish sentiment.



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