# KEY FACTS

The price of silver is about $80.05 as of 11:15 a.m. EST, up more than 6.5% on Friday.

The precious metal’s price has had a volatile week, surpassing the $82 mark on Tuesday—near an all-time high—before tumbling to as low as $73 by Thursday.

Some analysts have attributed Friday’s price surge to the December jobs report, which indicated weak job creation, with 50,000 nonfarm jobs added in the United States last month as unemployment ticked slightly downward to 4.4%.

A “poor job creation environment,” among other factors like “somewhat higher oil prices, which are inflationary, uncertainty and an easing Fed,” are all indicators of higher precious metal prices, Bart Melek, global head of commodity strategy at TD Securities, told [Reuters](https://www.reuters.com/world/india/gold-falls-commodity-index-adjustments-weigh-ahead-us-jobs-data-2026-01-09/) Friday morning. 

The price of gold was also slightly up on Friday, rising just over 1% to about $4,513.90.

Silver’s latest price surge follows a record-shattering 2025 for the precious metal, which saw its price rise more than 150% and hit an all-time high of more than $83 in late December.

Price Of Silver Surges Friday Surpasses $80 Following Weak Job Creation
ByConor Murray. The price of silver surged more than 6% on Friday and surpassed the $80 mark again after tumbling earlier in the week, with some analysts attributing Friday’s surge to the weak December job creation report.

Price Of Silver Surges Friday Surpasses $80 Following Weak Job Creation ByConor Murray. The price of silver surged more than 6% on Friday and surpassed the $80 mark again after tumbling earlier in the week, with some analysts attributing Friday’s surge to the weak December job creation report.