Silver Pulls Back After Two-Day Rebound

2026-02-10 01:25 By Jam Kaimo Samonte 1 min. read

Silver fell about 2% to below $82 per ounce on Tuesday, breaking a two-day advance as traders locked in profits, while volatility in the precious metals market persisted following a historic rout in recent weeks.

The white metal also remains down about 33% from its all-time high reached on Jan. 29 right before a selloff that wiped out nearly 50% of its value.

US Treasury Secretary Scott Bessent attributed the extreme swings in the metals market to Chinese traders, describing the recent rally as a speculative blowoff.

Investors are now turning their attention to the delayed US jobs and inflation reports due this week for guidance on the Federal Reserve’s policy path.

The central bank is widely expected to keep interest rates steady in March, with two rate cuts priced in for later in the year.

Other precious metals, including gold, platinum and palladium, also slipped on Tuesday.



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