Last Updated on February 11, 2026 by Deon
Weaker Dollar Supports Silver’s Recovery
Silver Bounces as weak US Dollar lifts prices ahead of delayed US NFP.
The Silver Institute points to ongoing physical tightness, and a sixth consecutive year in deficit for the global market in 2026.
XAG/USD is consolidating near the 38.2% retracement of its latest daily advance, with risk still biased to the upside, but starting to slow.
Silver (XAG/USD) extends the previous recovery gains on Wednesday, reversing Tuesday’s downside as a cautious tone around the US dollar ahead of Friday’s delayed US Nonfarm Payrolls (NFP) accrues to the white metal. As of press time, XAG/USD is changing hands at $85.45 and its price has rallied 5.47% during the day so far.
The near term technicals are starting to find a floor after the recent volatile and erratic price action with buyers slowly stepping in due to the supportive macro level playing out at lower levels helping encourage dip buying.
Outlook: Silver Remains Positive Despite Volatility
For global investors, geopolitical risks and ongoing US policy uncertainty as well as concerns about the independence of the Federal Reserve (Fed) remain supportive underpinnings for investment demand in silver, according to a new report from The Silver Institute released Monday.
The group also forecasts the global Silver market will record a sixth successive annual deficit in 2026, and noting that ongoing physical tightness has increased upward price momentum.
