Silver prices are falling more than 1% today, despite a lower than expected BLS data revision, signalling a weakening US economy. Despite weak jobs revision (-911k for 2024, ended in March 2025), futures on US Dollar Index (USDIDX) try to stabilize after the sell-off, gaining almost 0.3% today (EURUSD pair loses almost 0.4%).
That's also probably the reason why gold gains are limited to 'just' 0.3%. On the other hand, today we have seen strong NFIB Index, almost 6.6% YoY growth in US Redbook report, suggesting rising sales at US department stores. So, the despite the weak jobs report, we can assume that not every macro data are 'recessionary'.
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Source: xStation5
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