11 February 2026 — Today’s Market Update — Silver Surges ~2%, Asia Climbs While Dollar Slips
Precious Metals Advance as Weak U.S. Retail Data Boosts Rate-Cut Expectations
Markets were mixed. U.S. stocks edged lower, Europe was flat, and Australia moved higher. The dollar slipped as the yen strengthened. Gold held above $5,000 /oz and silver jumped nearly 2% after soft U.S. retail data, while oil rose on Middle East tensions and stronger demand from India.
Today’s Snapshot
- S&P/ASX 200:7,982.40 (+94.30 pts, +1.19% — last close)
Nasdaq Composite: 23,102.47 (−136.20 pts, −0.59% — last close)
STOXX 600: 620.97 (−0.071% — last close)
Gold:~$5,057.23/oz (+0.89%)
- Silver:~$82.13/oz (+~2%)
Global Markets
Precious Metals
Gold: ~$5,057.23/oz (+0.89%)
Gold rose by 0.89% as U.S. retail sales showed no growth. This increased expectations that the Federal Reserve may cut interest rates at least two times this year, which supported gold.
Silver: ~$82.13/oz (+~2%)
Silver went up by around 2% more than gold as people started buying again after the recent fall. The weaker U.S. dollar also helped push prices higher.
FX
(A) Dollar Index (DXY): 96.66 (slightly weaker)
The dollar slipped 0.27% as softer U.S. data increased expectations for rate cuts later in 2026, making the U.S. dollar less attractive to investors.”
(B) AUD/USD: 0.7124 (+0.7%)
The Australian dollar rose to 0.7%, its highest level in almost three years. It moved up after the Reserve Bank of Australia signaled that interest rates may stay higher for longer, while the U.S. dollar weakened after soft economic data.
Stock Market — What Happened Today
U.S. Equities
Nasdaq Composite: 23,102.47 (−136.20 pts, −0.59% — last close)
Fell more as major technology stocks declined, with Alphabet dropping around 1.8% after the company said it could spend up to $175–$185 billion this year on AI and data centers, raising concerns about higher capital expenditure.
Europe
STOXX 600: 620.97 (−0.07%)
The index slipped as British Petroleum fell 6.1% after pausing share buybacks and taking a $4 billion write-down. Meanwhile, auto shares jumped, with Ferrari (+10.2%) after reporting strong Q1 2025 — about €700 million in profit and on excitement around its upcoming new electric car, the Luce.
Australia
S&P/ASX 200: 7,982.40 (+94.30 pts, +1.19% — last close)
The index rose as the Commonwealth Bank (+ 7%) after reporting a record A$5.45 billion profit for the first half of FY2026 (ended Dec 31). Commonwealth Serum Laboratories (CSL) fell 12% on weaker earnings and a CEO exit.
Volatility & Positioning
The VIX closed at 17.79, up by +2.48% from yesterday’s previous close, showing investors are cautious.
What Traders Are Watching
- US. jobs data:whether payrolls come in near expectations (+70,000) and how markets react.
- Yen levels:if USD/JPY stays under pressure after the yen’s post-election strength.
- Metals follow-through:whether gold holds above $5,000/oz and silver keeps outperforming after its rebound.
Yesterday’s Market News — 10 February 2026
Markets finished higher, led by Asia as Japan’s Nikkei 225 jumped 2.32% to 57,658.69. The S&P 500 rose to 6,964.82 (+0.47%), while Italy’s FTSE MIB gained 2.0% to around 38,450. Gold slipped to $5,030.78 (−0.45%), and silver fell about 2% as traders booked profits, while the dollar remained slightly weaker.
Catch up on: Asia Rips Higher as Nikkei Soars 2.3%; Silver falls Back ~2%
Sources
1. Reuters — S&P 500, Nasdaq dip as retail sales disappoint and payrolls loom
2. Reuters — European shares end flat as BP sinks while Ferrari and Kering surge
3. Reuters — Yen holds gains; dollar slips ahead of U.S. payrolls
4. Reuters — Gold and silver climb after softer U.S. retail sales
5. Reuters — Oil rises on U.S.–Iran tensions and firmer India demand
6. AP — Asian shares advance after weak U.S. retail data
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