Silver stabilized around $50 per ounce on Monday, halting a recent slide as dovish comments from a senior US Federal Reserve official boosted expectations for a rate cut next month.
New York Fed President John Williams said Friday that a near term rate reduction remains possible, with labor market weakness posing a greater risk than elevated inflation.
Markets now price in roughly a 69% chance of a 25 basis point rate cut in December, up from 44% a week ago. Policymakers, however, remain divided, with Boston Fed President Susan Collins noting she has not yet decided on a policy move.
Investors are now looking ahead to key US economic data this week, including retail sales, producer inflation and jobless claims, for further guidance. Silver has been testing all-time highs since October, but uncertainty over US monetary policy and widespread profit-taking has weighed on prices.(Cay)
Sumber: Trading Economi
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