Silver Extends Gains for Third Day

Trading Economics
2026.02.05 01:08
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Silver prices rose for the third consecutive day, nearing $90 an ounce, recovering from a significant selloff. Analysts believe the fundamentals supporting gold and silver remain strong. Investors are considering potential US Federal Reserve interest rate cuts following disappointing private payroll growth data. Caution persists with the nomination of Kevin Warsh as Fed chair, who may favor lower rates but less aggressively. Meanwhile, US-Iran talks are set to resume, though the agenda remains uncertain, focusing on nuclear issues and broader regional concerns.