Silver Falls in Thin Holiday Trading

2026-02-17 00:17 By Jam Kaimo Samonte 1 min. read

Silver dropped over 2% to below $76 per ounce on Tuesday, extending a three-week decline as liquidity remained subdued amid market holidays in China, Hong Kong and other parts of Asia.

Chinese traders had driven a speculative surge in precious metals in January before the dramatic reversal, prompting authorities to curb market risks through various measures.

Silver surged to a record above $120 per ounce in late January, then tumbled to roughly $64 earlier this month as leveraged positions were unwound and investors liquidated holdings to cover losses elsewhere.

With US markets back open, attention now shifts to the latest minutes from the Fed and the core PCE price index for clearer signals on the monetary policy trajectory.

On Friday, silver rebounded nearly 3% after softer-than-expected US inflation data reinforced expectations that the Fed will begin easing later this year.

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



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