Silver prices strengthened slightly on Wednesday Asian time, hovering around $38.5 per troy ounce and approaching a multi-week high. This increase followed a weakening US dollar and falling Treasury yields, a combination that typically supports zero-coupon precious metals. Silver's strengthening also aligns with the rise in gold, which is sensitive to real funding costs.
Market sentiment was driven by expectations of a Fed interest rate cut at its September meeting following moderate July inflation data and signs of labor market weakness.
Source : Newsmaker.id
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