Silver steadies after pullback 🪙
Silver trimmed earlier losses and hovered near $82.5/oz, down about 1%, as traders locked in profits after the recent surge. Volatility is still high following January’s historic liquidation.
Weaker US data — flat December retail sales and a -0.1% GDP control group — revived bets on easier Fed policy, offering some support to non-yielding metals. That softer demand picture is cooling rate expectations and easing inflation pressure.
Still, silver remains ~30% below its late-January peak after a brutal selloff that briefly wiped out nearly half its value. US Treasury Secretary Scott Bessent blamed recent wild swings on speculative flows, especially from China.
All eyes now on upcoming US jobs and inflation data for the next clue on the Fed’s rate path.
