Silver held firm above $38 per ounce on Friday after two consecutive sessions of gains, as investors awaited Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for signals on the interest rate outlook.
Markets remain cautious that Powell could push back against expectations for a near-term rate cut. Futures currently imply about a 75% probability of a 25 basis point cut in September, down from more than 90% a week earlier.
Kansas City Fed President Jeffrey Schmid argued that "modestly restrictive" monetary policy is still appropriate given inflation risks, while Cleveland Fed President Beth Hammack reiterated her opposition to cutting rates at this stage.
Silver has also shown resilience in recent sessions, diverging from gold by holding firm despite weakness in the yellow metal and strength in the US dollar.
Source: Trading Economics
The Silver price (XAG/USD) slumps to near $38.80 during the early European trading hours on Friday. The white metal edges lower amid some profit-taking and a stronger US Dollar (USD). Traders brace fo...
Silver prices (XAG/USD) rose more than 0.5%, trading around $38.80 per troy ounce in early European trading on Thursday (August 28th). Non-yielding silver prices strengthened amid the increasing likel...
Silver climbed above $38.6 per ounce on Thursday, trading near one-month highs as the dollar retreated on growing expectations of a US Federal Reserve rate cut next month. Markets now assign an 89% pr...
Silver (XAG/USD) recovered from an initial decline and traded 0.33% higher near $38.80 during the European trading session on Tuesday (August 26th). The precious metal strengthened as market sentiment...
Silver prices climbed above $38.7 per ounce on Tuesday, rebounding from the previous session's losses after US President Donald Trump announced the removal of Federal Reserve Governor Lisa Cook over a...
European stock markets are heading for a mixed open on Friday as attention turns to inflation prints from some of the region's biggest economies, along with the U.S. Price rise data is due from France, Spain, Italy and Germany, ahead of the flash...
Japanese stocks plunged on profit-taking ahead of the release of US personal consumption expenditures data.The Topix index fell 0.5% to 3,075.18 as of 3:30 p.m. Tokyo time.The Nikkei fell 0.3% to 42,718.47."Investors are cautiously monitoring US...
The USD/CHF pair attracts slight bids and rises to near 0.8025 during the European trading session on Friday. The Swiss Franc pair ticks up as the US Dollar (USD) trades marginally higher ahead of the United States (US) Personal Consumption...
The Conference Board's measure of consumer confidence fell to 97.4 in August from 98.7 in July, compared with a larger decrease expected to a...
New York Federal Reserve Bank President John Williams indicated on Wednesday that interest rates could decrease at some point, but emphasized that...
Russia launched a massive drone attack on energy and gas transportation infrastructure in six Ukrainian regions overnight, leaving more than 100,000...
The latest report on Durable Goods Orders has been released, revealing a decline of 2.8%. This metric measures the change in the total value of new...