Silver Soars, Dollar & Yields Hit by CPI Data
Silver prices surged sharply on Friday (February 13th), rebounding from the previous day's extreme sell-off, which was hit by a wave of cross-asset liquidation. In the latest trading session, spot silver was around $78.89/oz, up +4.88%—a rebound reflecting dip-buying after forced selling pressure subsided.
The main trigger came from cooler-than-expected US inflation data: January's annual CPI fell to 2.4% (vs. the estimate of 2.5%), while core CPI was 2.5%. These figures have allowed the market to reopen the door to a Fed rate cut scenario in the second half of the year, weakening the dollar and lowering yields, providing short-term relief for the precious metal.
However, silver still bears the scars of volatility—its recent movements have been more influenced by deleveraging flows and liquidity shifts than by fundamentals. Therefore, despite today's strong rebound, the market still believes silver's rise has the potential to remain choppy as long as global risk sentiment remains stable.
Source: Newsmaker.id
