Silver held around $41/oz, near a 14-year peak, as the market awaited the US Consumer Price Index (CPI) release, which could determine the size of the Fed's interest rate cut next week. Wednesday's US Consumer Price Index (PPI) data fell 0.1% month-on-month (July revised down from +0.7%), missing the +0.3% forecast. Market participants had already priced in a 25 bps cut, with a 50 bps chance of around 8%.
Safe haven demand also supported after President Donald Trump pushed the EU to consider tariffs of up to 100% on China and India to pressure Russia. On the industrial side, demand for solar, electric vehicles, and electronics remains strong, while supply remains tight—keeping the physical silver market tight. Bottom line: price around $41; PPI cools; market leaning toward a 25 bps cut; geopolitics and industrial demand maintain support, tonight's CPI will be the deciding factor. (ayu)
Source: Newsmaker.id
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