🔴 Silver is trading 3.3% down today on Middle East tensions and ahead of US jobs data

Silver is trading 3.3% down at $71.36 as geopolitical and economic concerns weigh on the metal after its significant 2025 rally.

• Heightened tensions in the Middle East, with an escalation in the West Asia crisis, are raising concerns about global inflation, which could lead central banks to maintain higher interest rates.
• The market is also positioned ahead of the U.S. May non-farm payrolls report, a key economic indicator that could influence the Federal Reserve's monetary policy.
• The day's decline is also attributed to ongoing profit-taking and mean reversion following the substantial price gains seen in 2025 and early 2026.