"Silver traded within a narrow range on Tuesday, near its highest level since 2011, as markets continued to price in Federal Reserve rate cuts and industrial demand remained robust. Today's benchmark revision to US labour market data is expected to show a significant downward adjustment, reinforcing the narrative that the Fed may be lagging its full-employment mandate. Attention turns also to the August PPI and CPI figures scheduled for release midweek to better assess the Fed's next moves."
"chance of a 25 bps cut next week. This dovish outlook paints a bullish scenario for silver. On the industrial side, tight physical market conditions continue to support the metal. China's solar cell exports jumped more than 70% in H1 2025, led by strong shipments to India. Coupled with growing demand from EVs and electronics, this has deepened structural deficits. At the same time, investment flows remain favourable with Silver-backed ETP holdings standing at 1.13 billion ounces by the end of June."
Silver traded near its highest level since 2011 as markets priced in anticipated Federal Reserve rate cuts alongside robust industrial demand. A benchmark revision to US labour market data is expected to show a significant downward adjustment, reinforcing concerns about the Fed's full-employment mandate. August PPI and CPI figures due midweek will influence expectations ahead of potential policy moves, with traders assigning an 88% probability to a 25 bps cut next week. Tight physical market conditions and rising industrial demand, including a more than 70% jump in China's H1 2025 solar cell exports led by shipments to India, have deepened structural deficits. Investment flows remain favourable, with silver-backed ETP holdings at 1.13 billion ounces by end-June.
Read at London Business News | Londonlovesbusiness.com
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