Silver Attempts to Rebound

2026-03-06 14:02 By Felipe Alarcon 1 min. read

Silver prices rebounded past $82.5 per ounce on Friday as a surprise drop in non-farm payrolls triggered a flight to safety, though the metal remains on track for weekly losses due to earlier geopolitical-driven strength in the US dollar.

Silver traded lower for much of the week as the US-Israeli conflict with Iran pushed crude prices higher, fueling inflation fears and forcing traders to delay expectations for Federal Reserve rate cuts until late 2026.

The latest labor data provided a sharp reversal for sentiment, as the 92,000 decline in payrolls and the rise in unemployment to 4.4% effectively reduced the opportunity cost of holding non-yielding assets by raising the probability of earlier monetary easing.

While the dollar index retreated from its weekly highs, silver still faces significant pressure from the broader risk-off environment and lingering inflationary risks tied to the escalating conflict in the Middle East.



News Stream
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