Silver has declined from its December peak of $24.60, but it is currently displaying signs of recovery. As 2024 begins, silver has bounced back from a yearly low of $22.9, prompting anticipation about its potential upward trajectory. The metal’s performance remains influenced by broader economic factors. Recent economic indicators, including the Job Openings and Labor Turnover Survey (JOLTS) and the ISM Manufacturing Index, signal a contracting U.S. manufacturing sector and easing labor market conditions. Amid this backdrop, the demand for silver is under pressure, contributing to a bearish outlook in the short term. ... (full story)