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Silver Holding Near Highs Ahead of Inflation Data
Silver prices are seeing better demand today with the futures market back in the green following a day of selling yesterday. Traders are looking ahead to incoming US inflation data due today and tomorrow (PPI, CPI) as we head towards the September FOMC meeting next week. On the back of yet another big downside miss in the NFP last week, expectations for a cut next week have risen firmly with traders now pricing in a roughly 90% chance of a cut followed by further easing ahead of year end. This dovish backdrop is proving supportive for metals with both gold and silver rising in recent weeks. While stalled for now, ... (full story)
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