Silver prices moved steadily with a downward trend as investors weighed weak US employment data. The data was not strong enough to fuel speculation of further interest rate cuts by the Federal Reserve, so buying interest in the precious metal remained limited.

The lower number of US jobs added and the rising unemployment rate indicate the labor market is starting to slow. However, market participants believe the Fed will be cautious in responding to this data due to the disruption caused by the government shutdown. This situation means that silver, like gold, has not yet received a strong boost from the monetary policy side.

In terms of global sentiment, rising oil prices due to geopolitical tensions have also impacted the commodity market. However, silver has not fully benefited as the US dollar has tended to stabilize and bond yields have not shown significant declines. This has limited silver's movement in the short term.

Looking ahead, market attention will be focused on the release of US inflation data and statements from Federal Reserve officials. If inflation shows signs of slowing, the likelihood of interest rate cuts could strengthen again, boosting silver's sentiment. For now, investors are choosing to remain cautious while awaiting clarity on the direction of monetary policy. (az)

Source: Newsmaker.id