Silver price pulls back under $80 as dollar firms; SLV jumps ahead of U.S. jobs data
Spot silver fell 2.3% to $79.40 per ounce Wednesday after hitting a record $83.62 last week, as profit-taking and a stronger dollar weighed on prices. The dollar index rose to 98.63 ahead of key U.S. jobs data. Silver-linked stocks gained in premarket trading, with iShares Silver Trust up 6.7%. Morgan Stanley noted China’s new export rules could add upside risk for silver amid ongoing supply deficits.