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Silver price (XAG/USD) faces an intense sell-off as the labor market conditions in the United States have improved significantly.

US citizens that applied for unemployment insurance benefits increased by 202K in the week ending December 23, showed the US Department of Labor (DOL) on Thursday.

United States Continuing Jobless Claims registered at 1.855M, below expectations (1.882M) in December 22

United States Initial Jobless Claims came in at 202K, below expectations (216K) in December 29

United States Initial Jobless Claims 4-week average down to 207.75K in December 29 from previous 212K

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-eth5.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2023/02/f-eth5.jpg 612w,

<p><img width="612" height="411" src="https://www.actionforex.com/wp-content/uploads/2020/02/f-eur125.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2020/02/f-eur125.jpg 6

<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>US PMI Services was

<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>US initial jobless claims fell -18k to 202k in the

<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>US ADP private employment grew 164k in December, ab