Silver Slides After Strong US Jobs Report

2026-02-12 01:02 By Jam Kaimo Samonte 1 min. read

Silver dropped more than 1% toward $83 per ounce on Thursday, reversing the previous session’s gains after stronger-than-expected US labor market data dampened expectations for near-term Federal Reserve rate cuts.

Nonfarm payrolls increased by 130K in January, more than double consensus forecasts and a sharp acceleration from December.

The unemployment rate also unexpectedly edged down to 4.3%, highlighting underlying labor market resilience despite earlier signs of softening.

The robust data pushed Treasury yields higher and reinforced Fed officials’ inclination to keep rates on hold for now, with markets now anticipating the next rate cut to come in July instead of June.

Despite the pullback, silver and other precious metals continued to draw support from safe-haven demand and the so-called debasement trade, as investors hedge against currency erosion and mounting sovereign debt burdens.



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