Prices are hovering around 41,165, supported by expectations of a Fed rate cut, which is pressuring USD/yield, a positive correlation with gold, and solid industrial demand (solar power and electronics).
Key catalysts: US CPI release tonight WIB. A lower result tends to be bullish for silver, while a higher result risks depressing prices. Also monitor Chinese data, ETF flows, and supply from major producers (Mexico/Peru) as further determinants of the 41-day moving average.
The silver price at the time of writing was $41,165/Toz.
DISCLAIMER
Note: This article is for analytical purposes only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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