Silver: XAG Recovers Sharply.

Silver jumped over 6% toward $83 per ounce on Monday, extending last week’s rebound after a historic liquidation briefly erased nearly half of its value. The recovery was driven by easing US inflation expectations, softer real yields and a weaker dollar ahead of key US labour and CPI releases that could reinforce expectations for Federal Reserve easing later this year. One year ahead US inflation expectations fell to 3.1% while longer term measures remained stable, materially reducing the real rate headwind for non yielding metals. Geopolitical risk provided secondary support as US Iran talks lowered immediate escalation risk without removing broader tail risks. In Japan, a landslide election victory for Prime Minister Sanae Takaichi’s ruling coalition strengthened expectations for expansionary fiscal policy, further supporting precious metals demand. Markets now await US jobs and inflation data for clearer guidance on the policy outlook.