Silver Rebounds, Market Returns to Risk-Taking
Silver prices continued to strengthen at the start of the week, remaining near the $80 area as the European session got underway on Monday (February 9th). At 9:02 PM WIB (2:02 PM GMT), XAG/USD was around $79.74/oz, up +2.21% compared to the previous close.
This increase appears to be a continuation of buying the dip after last week's brutal silver movement. Once selling pressure eased, buyers began to step in again—aiming for a quick rebound and also checking to see if the market had the strength to build a more orderly trend.
Global sentiment is also helping. The landslide victory of the Japanese government has led the market to rekindle discussions about the possibility of looser fiscal policy—usually linked to inflation expectations and driving interest in hard assets/commodities, including silver.
From a geopolitical perspective, tensions have eased somewhat due to ongoing US-Iran dialogue, but uncertainty has not completely disappeared. Therefore, silver continues to enjoy a defensive edge—not as strong as gold, but enough to keep buyers comfortable holding it. position.
The next direction will likely be determined by this week's US data—particularly employment and inflation. If the data weakens and the market becomes more convinced that the Fed will be more dovish, silver could continue to be supported; but if the data is hot, silver is usually the quickest to "explode" in volatility.
Source: Newsmaker.id
