Silver prices climbed above $30.40 per ounce on Wednesday, recovering some losses from earlier in the week as the dollar pulled back from recent highs.
Investors were also awaiting key US economic data to assess the outlook for potential Federal Reserve interest rate cuts. Minutes from the Fed's November meeting showed officials were optimistic about easing inflation and a resilient labor market, supporting the case for further rate cuts.
However, they indicated a preference for gradual adjustments. Markets are currently pricing in a 63% chance that the Fed will reduce rates by another 25 basis points next month. Meanwhile, investors continued to assess the impact of Trump's tariff threats on demand for safe-haven assets, as well as the sustainability of a ceasefire deal between Israel and Hezbollah.
Source: newsmaker.id
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