WisdomTree's Triple-Leveraged Silver ETC Logs Back-to-Back Gains as Jobs Miss Reshapes Rate Outlook
Published on 07/03/2026 at 16:07 | Redaktion boerse-global.de
A disappointing US jobs report has triggered a powerful two-day rally in the WisdomTree Silver 3x Daily Leveraged product, with the leveraged instrument surging 4.74% on July 2 to close at €7.114 and then adding another 6.36% on Friday to hit $8.66. The back-to-back gains underscore how sensitive leveraged precious metals vehicles are to shifts in Federal Reserve expectations.
The catalyst was the June non-farm payrolls release, which showed the US economy added just 57,000 new positions – far below the 110,000 that analysts had penciled in. Revisions to the prior two months lopped off another 74,000 jobs. The labor market's sudden softness jolted rate speculators: the probability of a September rate hike tumbled from 66% before the data to roughly 52%, while the odds of a July move slid to 21.9%.
Silver, which pays no interest, benefits directly when the Fed turns more cautious. Lower opportunity costs for holding the metal tend to boost demand, and the spot price responded accordingly. On Friday it vaulted above $62.50, reaching an intraday high near $62.60 – marking its fourth consecutive winning session. The previous day had seen silver climb 3.27% to $61.052, according to separate data. The US dollar index slipped to 100.80 points, and the yield on 10-year Treasuries dropped to 4.465%, both moves that further burnish silver's appeal.
Should investors sell immediately? Or is it worth buying WisdomTree Silver 3x Daily Leveraged?
The triple-leveraged structure amplifies these swings dramatically. The WisdomTree product, which tracks the Solactive Silver Front Month Rolling Futures Index, posted a 14-day RSI of 36.7 – exiting oversold territory after its sustained slide – yet its annualised volatility remains extreme at 150.42%. Despite the recent surge, the 30-day return still shows a steep 43.62% decline, though the weekly performance has flipped to a 17.54% gain, illustrating how quickly leveraged instruments can reverse direction.
Fundamentally, silver continues to draw support from a structural supply deficit now in its sixth consecutive year, with the current shortfall estimated at 46.3 million ounces. Industrial demand remains robust, led by solar energy (which consumes roughly 19% of global silver output), electric vehicles, and growing usage in AI infrastructure. JP Morgan analysts see the deficit persisting through at least 2026 and have set a target of $81 per ounce. The thrifting trend – where manufacturers reduce silver content in components like solar panels to cut costs – poses some headwind, but mine supply is not expanding fast enough to close the gap.
On the charts, the next resistance zone lies between $62.00 and $63.32, with a clean breakout potentially opening the path toward $65. The RSI on the spot silver move registered at 42.6, neutral territory that leaves room for further upside without flashing overbought. The leveraged product now manages €327.84 million in assets across 19.49 million outstanding units, and trading volume has picked up noticeably, with 583,153 shares recently changing hands. All eyes now turn to the July 14 US inflation report, which could either cement the current rate dovishness or reintroduce hawkish pressure. Until then, the WisdomTree ETC is likely to remain highly reactive to every dollar move and Fed commentary.
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