Silver Slips in Holiday-Hit Trading

2026-02-16 03:06 By Jam Kaimo Samonte 1 min. read

Silver fell more than 1% toward $76 per ounce on Monday, reversing gains from the previous session, although trading volumes were subdued due to market holidays in the US, China and other countries.

On Friday, the metal had jumped nearly 3% after soft US inflation data reinforced expectations that the Federal Reserve will cut interest rates later this year.

Markets are currently pricing in a Fed rate cut in July, with a strong probability of a move in June.

Investors now turn to the latest Fed minutes and the Fed-preferred core PCE price index report for further guidance on the US monetary outlook.

Meanwhile, mainland China’s markets are closed this week for the Lunar New Year holiday.

Chinese traders had driven a speculative surge in precious metals in recent weeks, prompting authorities to curb market risks through various measures.

Silver peaked above $120 an ounce in late January before falling to around $64 earlier this month as sentiment reversed.



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