Silver collapses from rebound as dollar strengthens and markets reassess
Silver prices slumped in European trade, with spot silver down about 10% to around $79/oz and March futures near $78.55/oz as a firmer dollar and yield repricing weighed on metal prices. Analysts describe the move as a normalization phase rather than a trend reversal, noting that longer‑term drivers—central‑bank gold demand and silver’s industrial use in solar and grid modernization—remain intact. Traders are eyeing upcoming central‑bank meetings and the US payrolls data, which was delayed to Feb. 11 due to a partial government shutdown.