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Paraguay’s trade deficit widened to $162.2 million in January 2026, from $85.7 million a year earlier. Exports fell 4.2% year-on-year to $1.29 billion. Primary product sales declined 9.7% to $318.7 million, with soybeans posting the largest negative impact, partly offset by higher wheat and other oilseed shipments. Agricultural manufactures edged up 0.2% to $263.8 million, industrial manufactures rose 17.2% to $159.6 million, and fuel and energy exports increased 19.7% to $102.2 million. Imports rose 1.4% to $1.45 billion. Primary product purchases grew 7.3% to $29.4 million, led by corn for sowing and unmanufactured tobacco. Agricultural manufactures increased 7.0% to $93.7 million, while industrial manufactures rose 1.7% to $1.14 billion. Fuel and lubricant imports fell 3.6%.

Paraguay Trade Deficit Widens in January

The S&P TSX Composite plunged around 1.9% to below 32,650 on Thursday afternoon, retreating sharply from record territory as heavy losses in technology and materials overwhelmed strength in defensives. Shopify sank around 7.5%, Constellation Software fell over 2%, and Celestica dropped more than 4%, dragging the information technology sector sharply lower. Materials also slumped, with Barrick losing 2.5%, Agnico Eagle down 2.8%, Wheaton sliding 4.2%, and several gold names shedding over 4% amid a broad metals selloff. Energy was weaker as Canadian Natural fell 2.1% and Cenovus lost 2.5%, tracking lower crude prices. Financials offered limited relief, with Royal Bank down 1.6% and TD off 1.1%, although Sun Life surged 5.9% after earnings while Manulife slid 4.5% on softer profit.

TSX Sharply Lower on Thursday Afternoon

Silver plunged nearly 10% to below $76 per ounce, extending a sharp reversal as broad-based liquidation across financial markets forced investors to sell precious metals to raise cash. The decline accelerated even as US Treasury yields retreated to multi-month lows, signaling that the move was driven less by rate repricing and more by liquidity stress and rapid position unwinding following an extended rally. The selloff mirrored heavy losses in gold and copper, highlighting cross-commodity pressure. Although markets continue to expect softer CPI data and still price in two Federal Reserve rate cuts later this year, immediate flows were dominated by deleveraging. Silver’s dual role as both a monetary and industrial metal may have amplified volatility amid global growth concerns. Despite the rout, easing yields and longer-term hedging demand tied to fiscal uncertainty remain structural supports once forced selling subsides.

Silver Plunges Amid Broad Liquidation Wave

Gold tumbled more than 3% to below $4,920 per ounce on Thursday afternoon, extending its sharp correction as a cross-asset unwind forced investors to liquidate precious metals to meet margin calls and cover losses elsewhere. The decline came even as the US 10-year Treasury yield slid to its lowest level in over two months, suggesting that the move was not driven by higher rate expectations but by short-term liquidity demands and position unwinding after an extended rally. Silver and copper also dropped sharply, highlighting the breadth of the selling pressure across metals. Although markets expect upcoming CPI data to show moderating inflation and still price in two Federal Reserve rate cuts later this year, near-term flows were dominated by deleveraging rather than policy repricing. Despite the setback, easing yields, continued central bank purchases, and persistent geopolitical uncertainty continue to provide an underlying foundation for bullion once liquidation pressures stabilize.

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