Silver Tumbles Below $69 After Strong US Jobs Report Boosts Dollar

Silver (XAG/USD) came under heavy selling pressure on Friday, sliding to around $68.90 at the time of writing. The white metal posted a daily decline of 6.74%, breaking below the $69 threshold.

The selloff was triggered by a stronger-than-anticipated US employment report, which boosted the US Dollar. The data reinforced market expectations that the Federal Reserve will maintain a more restrictive monetary policy, reducing demand for non-yielding assets like silver.