"Markets are now pricing in a 25 bps Federal Reserve rate cut in October, with a second cut anticipated by year-end. Focus turns to upcoming remarks by Fed Governor Stephen Miran on Wednesday and Chair Jerome Powell on Thursday, which may offer further clarity on the policy outlook. The shutdown has heightened uncertainty around the Fed's data-dependent approach, potentially reinforcing demand for safe-haven assets like silver."
"Structural supply tightness continues to support prices. The Silver Institute projects a fifth consecutive annual deficit in 2025. Investor positioning remains constructive. Silver-backed ETPs recorded 95 million ounces in net inflows during H1 2025, lifting total holdings to 1.13 billion ounces. Indian retail investment rose 7% YoY, while Europe showed signs of recovery from a low base. Looking ahead, with macro and fundamental drivers aligned, silver is likely to extend its overall bullish trend over the next sessions."
Silver eased on Tuesday, retreating from recent highs as investors booked profits. Sentiment remains broadly supportive amid US political uncertainty driven by the government shutdown. Markets price a 25 bps Federal Reserve rate cut in October and a second cut by year-end, with upcoming remarks from Fed Governor Stephen Miran and Chair Jerome Powell expected to influence the outlook. The shutdown heightens uncertainty around the Fed's data-dependent approach, reinforcing demand for safe-haven assets. Structural supply tightness and a projected fifth consecutive annual deficit in 2025 underpin prices. Silver-backed ETP inflows, rising Indian retail investment, and European recovery support a likely extension of the bullish trend.
Read at London Business News | Londonlovesbusiness.com
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