Bearish
Silver price declines to $60.84 as US yields rise and job growth slows.
Over the past 24 hours, silver (XAG/USD) has experienced a decline, trading at $60.84 as of October 6, 2026. This downturn is attributed to rising US Treasury yields and a weaker-than-expected US jobs report, which have collectively dampened investor sentiment.
Key points
- Silver price drops to $60.84 amid rising US Treasury yields and weak job growth.
- US nonfarm payrolls increase by only 29,000 in September, below expectations.
- Market-implied odds of an October Fed rate hike fall to about 22% from roughly 70% earlier in the week.
Sources
- Silver Price Slips as Yields Cap Jobs Rally: What It Means for XAGUSD TradersVantage Markets · October 6, 2026
- Silver Price Plunges as Elevated US Yields, Firm Dollar Pressure XAG/USDVG Markets · September 28, 2026
- Silver (XAGUSD) Volatility Intensified on Sep 28: What to WatchTradingKey · September 28, 2026
AI-generated from public news sources. Not financial advice.
