On July 3, 2026, this daily precious metals market report tracks gold and silver advancing strongly on a badly missed June nonfarm payrolls report — the sharpest labor market miss in months. The Bureau of Labor Statistics reported just 57,000 jobs added in June against forecasts of roughly 115,000, with April and May payrolls revised down a combined 74,000, delivering the weakest payroll quarter since late last year. Gold spot price is trading at $4,181.59 per ounce, up $51.74 (+1.25%) on the day. Silver spot price is trading at $62.86 per ounce, up $1.52 (+2.48%) on the day. The gold spot price today and silver spot price today both reflect a market repricing Fed rate expectations in real time: September rate-hike probability fell from 67% before the print to below 50% afterward — amplified by Fed Chair Kevin Warsh’s remarks at the ECB Forum in Sintra, Portugal, where he stated Wednesday that inflation risks “have come down.” The gold/silver ratio compressed to 66.5 as silver’s higher leverage to declining rate expectations outpaced gold for the second session running. The dollar softened on both signals, reducing the opportunity cost of holding physical gold and silver. Check the live gold spot price for real-time updates, as central bank accumulation — running net-positive through the first half of 2026 — continues to anchor the broader physical precious metals market.
In its June 2026 newsletter published July 1, 2026, the Silver Institute (silverinstitute.org) featured a structural development reshaping physical silver’s global trading architecture: the launch of Abaxx Exchange’s Silver Singapore Futures (SSP), a physically deliverable contract that went live on May 22. The SSP is a 1,000-troy-ounce, U.S. dollar-denominated instrument requiring delivery of 0.9999-fine silver into approved Singapore vaults, including Brink’s Singapore — the four-nines purity standard demanded by solar photovoltaic paste manufacturers, semiconductor fabs, and advanced electronics assemblers across Asia. Abaxx designed SSP to address the pricing gap between Western futures venues and Asia’s industrial silver demand base; KGI Securities Singapore described it as “another practical tool to manage price risk in the region,” with early participation from firms in Singapore, Thailand, and India. The insight most readers will miss: until this contract, Asia’s industrial silver consumers — the world’s largest demand bloc by volume — had no on-shore, physically deliverable hedging instrument aligned to their procurement specifications. Managing silver price risk through London or COMEX meant operating across time zones on contracts built for financial speculation, not four-nines physical delivery. A Singapore benchmark shifts the calculus by anchoring price discovery near where demand physically originates. As solar additions and EV production continue expanding across Southeast Asia and India, on-shore hedging reduces procurement uncertainty — and a more predictable demand floor is structurally bullish for physical silver holders. Follow today’s live silver spot price and watch Singapore-over-COMEX premiums as they develop into a real-time indicator of Asia’s physical silver demand pace — a signal that simply did not exist before May 22. For the complete daily precious metals market report on gold and silver, bookmark this page for each trading session’s update.
