Silver prices inched higher on Monday, recovering from last week's steep sell-off as the U.S. dollar's rally paused. The market remains range-bound, with traders analyzing critical levels and upcoming macroeconomic developments to gauge the next move.
Silver's significant losses last week were largely tied to a stronger dollar, fueled by reduced expectations for aggressive Federal Reserve rate cuts. The dollar index gained 1.6% but has now stabilized below its one-year high. This pause has eased some of the pressure on silver prices, as a weaker dollar makes the metal more accessible to international buyers.
This week, attention turns to Fed policymakers, with seven officials set to deliver speeches. Investors indicate a 60% chance of a December rate cut, though inflation concerns and rising Treasury yields may lead the Fed to adopt a more cautious stance.
Source: newsmaker.id
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