Huatai Futures: The price of silver itself is expected to remain in a volatile and relatively strong pattern

K-LinePoet · 2026-02-23T17:51:20+00:00

In terms of economic data, the US non-farm payrolls for January increased by 130,000, the largest gain since April last year, compared to an expected increase of 70,000. The previous figure was revised from a gain of 50,000 to 48,000. The unemployment rate stood at 4.3%, versus an expected 4.4%, and the previous rate was revised from 4.4% to 4.3%. Average hourly earnings rose by 3.7% year-over-year, slightly above the expected 3.6%, and the previous figure was revised from 3.8% to 3.7%. Month-over-month, earnings increased by 0.4%, compared to an expected 0.3%, with the previous figure revised from 0.3% to 0.1%. The employment participation rate was 62.5%, versus an expected 62.4%, with the previous rate at 62.4%. Currently, traders have fully priced in a Federal Reserve rate cut in July, earlier expectations were for June. Geopolitically, sources reveal that US President Donald Trump is privately considering withdrawing from the North American Trade Agreement, adding more uncertainty to the key renegotiations among the US, Canada, and Mexico. On the macro front, silver's logic is similar to gold, but due to risk sentiment, the market is...

K-LinePoet

2026-02-23 17:51:20

In terms of economic data, the US January seasonally adjusted non-farm payrolls increased by 130,000, the largest increase since April last year, compared to an expected increase of 70,000. The previous figure was revised from a gain of 50,000 to 48,000. The unemployment rate stood at 4.3%, versus an expected 4.4% and the previous 4.4%. Average hourly earnings rose 3.7% year-over-year, compared to an expected 3.6%, and the previous was revised from 3.8% to 3.7%. Month-over-month, earnings increased by 0.4%, versus an expected 0.3%, and the previous was revised from 0.3% to 0.1%. The labor force participation rate was 62.5%, versus an expected 62.4%, and the previous was 62.4%. Currently, traders have fully priced in a Fed rate cut in July, earlier expectations were for June. On the geopolitical front, sources reveal that U.S. President Donald Trump is privately considering withdrawing from the North American Trade Agreement, adding more uncertainty to the key renegotiations among the US, Canada, and Mexico. Macroeconomically, silver’s logic is similar to gold, but due to rising risk sentiment, silver prices are slightly stronger than gold, and the gold-silver ratio is expected to narrow. Silver itself is also expected to maintain a volatile and slightly strong pattern. (Huatai Futures)

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