Silver fell more than 1% to around $42 per ounce on Wednesday, pulling back from 14-year highs as investors locked in profits ahead of the Federal Reserve's policy decision. The Fed is widely expected to cut rates by 25 basis points later today, with markets pricing in about 67 basis points of easing by year-end.
Those expectations have been supported by signs of a cooling labor market, even as inflation holds above the Fed's 2% target. Investors will also focus on the Fed's quarterly Summary of Economic Projections, including the "dot plot" outlook for rates.
Elsewhere, central banks in Canada and China are expected to ease policy this week, while those in Japan and the UK are likely to stand pat. Still, strong industrial demand from solar, electric vehicles and electronics, combined with supply constraints, continues to lend support to silver prices.
Source: Tradingeconomics.com
Silver steadied around $42.5 per ounce on Tuesday, hovering near 14-year highs as investors positioned for an expected US Federal Reserve rate cut this week. Markets are nearly fully pricing in a 25 b...
Silver traded above $42 per ounce on Monday, staying close to 14-year highs as investors braced for an expected US Federal Reserve interest rate cut this week. Markets are pricing in about a 96% chanc...
Silver price (XAG/USD) extends its winning streak for the third successive session, marking a fresh 14-year high at $42.17 during the Asian hours on Friday. The precious Silver attracts buyers as mark...
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...
Silver climbed above $41 per ounce on Wednesday, holding near 14-year highs as traders increased wagers on US Federal Reserve rate cuts. On Tuesday, the Bureau of Labor Statistics reported the US econ...
The Fed is widely expected to slash interest rates at the conclusion of its latest two-day policy gathering, although the size of the possible drawdown and commentary around the move remain a source of debate. Markets are all but certain the...
Gold (XAU/USD) extends its steady intraday descent through the first half of the European session on Wednesday and slides further below the $3,665 level, hitting a fresh daily low in the last hour. The US Dollar (USD) stages a modest bounce from...
Bank Indonesia unexpectedly cut its benchmark interest rate by 25 bps to 4.75% at its September 2025 policy meeting, marking the third consecutive monthly rate cut and defying market expectations to hold rates steady at 5.0%. This is the sixth rate...
President Donald Trump said on Tuesday that the US and China have reached a deal on TikTok. The deal will transfer the assets of the ByteDance-owned...
European stocks edged lower on Tuesday, with both the STOXX 50 and STOXX 600 slipping 0.2%, pausing after three straight sessions of gains. Traders...
The U.S. Federal Reserve holds its latest policy meeting this week with a historic challenge to its leadership pending in the courts and a rushed...
US stocks closed higher on Monday (September 15), driven by gains in technology stocks after President Donald Trump indicated that U.S.-China trade...