"Silver hit fresh record highs on Tuesday, as safe-haven demand and bullish industrial fundamentals continued to support prices. The rally follows last week's 25 bps Federal Reserve rate cut, its first of the year, which prompted markets to fully price in nearly two more reductions by year-end. However, yesterday several Fed officials adopted a cautious tone, warning of persistent inflation and narrowing room for further easing, which could limit silver's bullish run."
"Investors now await Jerome Powell's remarks and Friday's core PCE reading, the Fed's preferred inflation gauge, for clearer guidance on the monetary path. Any dovish tilt could extend silver's upside momentum. Industrial demand continues to anchor the rally. Strong consumption across solar, EV, and electronics sectors is tightening the physical market, while exchange-traded product (ETP) inflows surged to 95 million ounces in H1, above last year's total."
Silver reached fresh record highs as safe-haven demand combined with bullish industrial fundamentals supported prices. A 25 bps Federal Reserve rate cut prompted markets to price in nearly two more reductions by year-end, though several Fed officials warned of persistent inflation and reduced room for easing. Investors await Jerome Powell's remarks and Friday's core PCE reading for clearer monetary guidance; any dovish tilt could boost silver further. Strong consumption across solar, EV and electronics tightened the physical market, ETP inflows surged to 95 million ounces in H1, and the global silver deficit is expected to remain but narrow in 2025.
Read at London Business News | Londonlovesbusiness.com
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