🟢 Silver ETF (PSLV) is trading 3.2% up on August 7, 2026 after weak jobs data boosted silver

PSLV is trading 3.2% up at $20.79 as weak U.S. jobs data reduced expectations for Federal Reserve tightening, supporting silver.

• July payrolls unexpectedly fell by 23,000 versus expectations for job growth; silver futures accelerated after 8:30 a.m. ET release.
• Silver had already gained ahead of the release; spot silver reached approximately $65.05 intraday, while gold rallied as yields declined.
• The move is sector-wide rather than PSLV-specific, reflecting PSLV’s physical-silver exposure and momentum.