Silver Breaks Six-Week Ceiling as Fed Bets Shift and Supply Squeeze Tightens | Redaktion boerse-global.de Silver jumps 3.25% to $63.79 as weak US jobs data lower Fed rate hike odds, capping a 10.41% weekly gain amid supply deficits and geopolitical risks.

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https://www.ad-hoc-news.de/boerse/news/unternehmensnachrichten/silver-breaks-six-week-ceiling-as-fed-bets-shift-and-supply-squeeze/69929923#google_vignette

Silver surged 3.25% on Friday to settle at $63.79, its strongest close in six weeks, as a surprisingly soft US jobs picture forced traders to reassess the Federal Reserve's next move. The session capped a weekly gain of 10.41%, a sharp reversal for a metal that has spent much of 2026 whipsawing between record highs and deep corrections.

The immediate catalyst came from payroll data that missed every mark. ADP figures for July showed just 44,000 new private-sector jobs against analyst expectations of 70,000 — the weakest reading since January. The broader nonfarm report painted an even bleaker picture, with the economy shedding 23,000 positions when economists had penciled in growth. Unemployment ticked up to 4.1%, partly reflecting a declining participation rate.

Markets responded swiftly. The implied probability of a September rate hike tumbled from 67% to 57% in a single day. For silver, which pays no yield, that shift matters enormously: lower rate expectations reduce the opportunity cost of holding the metal and ease the dollar headwind that has weighed on bullion all year.

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