Silver traded around $37.8 per ounce on Thursday, consolidating after an over 1% rally in the previous session, as investors looked ahead to the Federal Reserve's annual Jackson Hole symposium for policy cues.
Market participants are set to focus on Fed Chair Jerome Powell's remarks, searching for indications of whether the central bank may push back against expectations for near-term monetary easing. Minutes from the Fed's July meeting underscored that most policymakers remain more concerned about persistent inflation pressures than about labor market risks, while tariffs and trade policy have deepened divisions within the committee.
In the political arena, President Donald Trump called for the resignation of Fed Governor Lisa Cook over alleged mortgage fraud and continued to press for lower interest rates. With Powell's term due to expire in May, the ongoing debate over Fed leadership and the direction of policy has added another layer of uncertainty for financial markets.
Source: Trading Economics
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