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fxJun 5, 2026, 3:00 PM

Silver Tumbles Below $69 After Strong US Jobs Report Boosts Dollar

Silver (XAG/USD) fell sharply on Friday, dropping below $69 after a stronger-than-expected US employment report strengthened the US Dollar and fueled expectations of a more restrictive Federal Reserve.

XAGUSD

Silver (XAG/USD) came under heavy selling pressure on Friday, sliding to around $68.90 at the time of writing. The white metal posted a daily decline of 6.74%, breaking below the $69 threshold.

The selloff was triggered by a stronger-than-anticipated US employment report, which boosted the US Dollar. The data reinforced market expectations that the Federal Reserve will maintain a more restrictive monetary policy, reducing demand for non-yielding assets like silver.

Source: FXStreet Forex News