Weaker than expected NFP report could pave the way for another rate cut in the US and that was exactly what precious metals needed to roar higher. Silver prices stormed higher (+4% from the daily low!) after a short (but dynamic) correction, platinum saw major gains too. Investors still await a speech from Fed’s Powell (5:30pm BST/6:30pm CEST) as it may have a major impact on weekly closing prices.
Daily Summary: Week ends with a shallow rebound
Three markets to watch next week (24.08.2026)
⚪Silver tests $70 and breaks key resistance
Morning wrap: Bitcoin surges to $75k, Wall Street tries to stabilize