Silver prices held above $38.50 per ounce on Thursday (August 14th), hovering near a three-week high as expectations of a deeper Federal Reserve interest rate cut this year buoyed the market.
Weaker US inflation data suggested that President Donald Trump's tariffs were not adding to price pressures, while signs of a weakening labor market reinforced the dovish outlook.
The market is almost fully pricing in a September rate cut, with some anticipating a larger 50 basis point cut.
Additionally, Treasury Secretary Scott Bessent called for multiple rate cuts and said the Fed could begin easing its policy rate with a half-point reduction.
Source: Newsmaker.id
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