Silver is set to decline in late 2024 as the gap between silver supply and demand deepens, highlighting the growing imbalance.
Despite bullish supply fundamentals, silver's upside remains capped by Federal Reserve policy and a strong dollar. After cutting rates three times in late 2024, the Fed has signaled only 50 basis points of easing in 2025. This gradual approach is supportive of the dollar and keeps Treasury yields high, reducing the appeal of non-yielding assets like silver.
Source: Newsmaker
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