"Silver prices climbed on Tuesday, holding above USD 85 per ounce and remaining near all-time highs. The rally is supported by renewed concerns over the Federal Reserve's independence and heightened geopolitical tensions. Legal action targeting Fed Chair Jerome Powell raised alarms about political interference in monetary policy. While top Republican lawmakers have since called for a swift resolution to the case, investor sentiment remains cautious."
"Any perceived erosion of the Federal Reserve's autonomy is likely to fuel safe-haven flows. Geopolitical tensions have also intensified, with the White House threatening 25% tariffs on any country doing business with Iran. Simultaneously, the situation in Greenland and ongoing tensions in Eastern Europe and other regions stoked fears of further instability. Looking ahead, inflation data due later today could prove pivotal. Signs of disinflation may reinforce dovish expectations for 2026, while a negative surprise could cap near-term gains."
Silver prices climbed and remained above USD 85 per ounce, staying near all-time highs. The rally was driven by renewed concerns about the Federal Reserve's independence and escalating geopolitical tensions. Legal action targeting Fed Chair Jerome Powell raised alarms about political interference in monetary policy, and although top Republican lawmakers called for a swift resolution, investor sentiment stayed cautious. Any perceived erosion of Federal Reserve autonomy is likely to boost safe-haven flows into precious metals. Geopolitical risks intensified with a White House threat of 25% tariffs on countries doing business with Iran, developments in Greenland, and tensions in Eastern Europe. Upcoming inflation data could be pivotal; signs of disinflation may reinforce dovish 2026 expectations, while stronger-than-expected inflation could cap near-term gains.
Read at London Business News | Londonlovesbusiness.com
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