Silver prices are trading in the $46-$48/oz range with high volatility. The two driving forces remain the same: safe-haven sentiment (global uncertainty + Fed rate cut expectations) and industrial demand (solar/electrification), which maintains buying interest as yields fall. Even if the Fed cuts rates again, the policy tone going forward remains crucial. If Powell sounds less dovish in December, the dollar could strengthen briefly and pressure silver; conversely, signals of further easing tend to support silver.
On the physical side, the market is still weighing tight London spot supply versus large US Comex stocks. This month, some tonnage has begun flowing off Comex into London, helping to ease the spot squeeze, but the medium-term structural deficit remains a bullish theme. The implication: the silver rally could stall at strong resistance around $48-$50, but as long as the lower interest rate narrative and industrial demand persist, the intermediate bias remains positive.
The price of silver at the time of this analysis was $47,536.
Disclaimer:
This article is analytical in nature and not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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