Weak US Payrolls Data Lifts Silver, But Strong Dollar Holds Back
Silver prices rose on Friday, after weaker-than-expected US payroll data raised expectations for a Federal Reserve interest rate cut, and the announcement of new tariffs boosted demand for safe havens like silver. However, the precious metal experienced a weekly decline of around 0.1%, reflecting pressure from a stronger US dollar and concerns about industrial demand.
Investors are currently weighing several key factors. First, the new US tariff policy is believed to have depressed global industrial demand—including for silver, which is largely used in the electronics and renewable energy sectors. Second, the US dollar is at its highest level in two months due to expectations of high interest rates from the Federal Reserve.
Despite facing global macroeconomic pressures, silver remains viewed as a safe haven asset and a key industrial metal. Due to the combination of these two roles, silver tends to be more volatile than gold. If trade tensions escalate or industrial demand worsens, silver prices could fall again. However, stable macroeconomic data could provide support amid speculation about the Fed's interest rate policy.
Source: Newsmaker.id
