# Silver Gains On Short Covering After Strong Jobs Data Sent Dollar Higher Today

> Silver settled 0.17% higher in India as short covering partly reversed losses associated with a stronger dollar and better-than-expected US jobs data. The report also notes that global silver supply is forecast to fall 2% in 2026 and the market deficit is expected to widen to 46.3 million ounces, despite a projected 2% decline in demand.

- Date: 2026-11-09 · published 2026-11-09T06:16:59.960Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/88873-silver-gains-on-short-covering-after-strong-jobs-data-sent-dollar-higher-today
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger employment data lifted expectations of a December Fed rate increase, supporting the dollar and potentially weighing on dollar-priced commodities. The silver supply outlook has no direct bearing on the listed feed commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2022-08-05 | [U.S. dollar posts broad gains after unexpectedly strong jobs data](https://feedsoft.ai/events/40219-u-s-dollar-posts-broad-gains-after-unexpectedly-strong-jobs-data.md) | -0.9% | +2.1% |
| DXY | 2024-06-24 | [Dollar Index (DXY) pushes higher on strong S&P PMI data](https://feedsoft.ai/events/30046-dollar-index-dxy-pushes-higher-on-strong-s-and-p-pmi-data.md) | +0.1% | -0.7% |
| DXY | 2021-09-16 | [Sterling slips versus stronger dollar after U.S. data beat](https://feedsoft.ai/events/45309-sterling-slips-versus-stronger-dollar-after-u-s-data-beat.md) | +0.6% | +1.1% |
| DXY | 2017-08-31 | [Dollar Gains On Bets ECB Could Weaken Euro, Strong U.S. Data - Babypips.com](https://feedsoft.ai/events/69665-dollar-gains-on-bets-ecb-could-weaken-euro-strong-u-s-data-babypips-com.md) | -1.4% | +0.8% |

## Sources

- in.investing.com: https://in.investing.com/news/commodities-news/silver-gains-on-short-covering-after-strong-jobs-data-sent-dollar-higher-today-5689209

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.