Silver Pares Losses | Economic Update

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Silver trimmed earlier losses to trade about 1% lower near $82.50 per ounce on Tuesday, breaking a two-day winning streak as profit-taking re-emerged and volatility persisted in the wake of the historic late-January liquidation. The metal found some support after weaker US data shifted expectations toward looser monetary policy: December retail sales unexpectedly stalled and the GDP control group slipped 0.1%, underscoring cooling demand and easing inflation pressures.

This softer consumption backdrop has pushed down interest rate expectations and brightened the near-term policy outlook for non-yielding metals. Even so, silver remains roughly 30% below its late-January high after a sharp selloff that briefly wiped out nearly half of its value. US Treasury Secretary Scott Bessent reiterated that the recent dramatic price swings were largely driven by speculative activity, especially from Chinese traders.

Market participants now look ahead to delayed US labor-market and inflation reports due later this week for clearer signals on the Federal Reserve’s interest-rate trajectory.

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