Silver Surges Close to 4%

2026-02-20 14:18 By Felipe Alarcon 1 min. read

Silver surged around 4% to trade above $80.5 per ounce, extending its rebound as geopolitical risk and shifting US macro expectations reignited both safe haven and industrial demand.

Escalating tensions between Washington and Tehran—after President Donald Trump set a nuclear deadline and Iran warned of retaliation—reintroduced a risk premium that silver’s volatility amplified.

Concurrently, soft Q4 GDP of 1.4% contrasted with firmer 3.0% core PCE, reinforcing uncertainty over the Fed’s path as FOMC minutes showed rifts and jobless claims held at 206K.

This combination of moderating growth and sticky inflation has complicated real yield projections.

While Lunar New Year thinned Asian liquidity following the recent blowoff and speculative unwind in Chinese futures, renewed participation as markets reopen is adding momentum.

Silver is now stabilizing, balancing its safe-haven appeal against its critical industrial role.



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