Silver futures drop as strong PMI data boosts the dollar. 9/24/26

Silver futures faced downward pressure over two sessions, dropping roughly 3.4% as stronger-than-expected economic data boosted the U.S. dollar. The S&P Global flash composite PMI reached its highest reading since July 2021, and the Atlanta Fed's GDPNow estimate surged to 5.1%, reinforcing market expectations for continued restrictive monetary policy. This combination weighed heavily on precious metals. However, the extension of a trade truce between Washington and Beijing through January 2027 provided a floor for silver prices. By reducing the near-term risk of manufacturing disruptions and tariffs, the agreement helped sustain the outlook for industrial demand, offsetting some of the macroeconomic headwinds impacting the metals complex. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/metals.html #Silver #Commodities #Macroeconomics