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Silver soars to record high, riding gold's coattails
Silver prices shot to a record high on Wednesday, buoyed by gold's bull run and growing investor demand for hard assets amid persistent geopolitical and economic risks, as well as expectations of US interest rate cuts. Spot silver XAG= hit an all-time high at $49.57 per ounce. Both a precious and industrial metal, silver has gained 70% so far this year, heading for its biggest annual growth since 2010.Gold, traditionally seen as a store of value during times of instability, surged past the $4,000 an ounce level for the first time on Wednesday, while copper briefly hit a 16-month peak. "There is also a case at ... (full story)
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From cnbc.com|Oct 9, 2025|1 commentInvestors can’t help but notice the sparkle of gold’s record run. But they may want to think twice before adding more of it to their portfolios — over the long haul, it ...
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From ecb.europa.eu|Oct 9, 2025Ms Schnabel started her presentation by noting that since the Governing Council’s previous monetary policy meeting on 23-24 July 2025, interest rate markets in the euro area and the United States had been pulled in different directions, leading to a convergence of policy rate expectations. In the euro area, expectations for interest rates had shifted higher, with reduced uncertainty around the rate outlook, as a consensus had formed that interest rates were currently in a “good place” and close to or at the end of the monetary policy cycle. Markets had fully priced out any rate cut at the current meeting and assigned a significantly lower probability to another 25 basis point rate cut by year-end. The median participant in the ECB Survey of Monetary Analysts anticipated no further rate cuts in 2025, while the median respondent in both the Bloomberg and Reuters surveys did not expect any further rate cut in the current cycle. In the United States, market expectations of a quicker easing cycle had increased after weak labour market data. As a result, the gap between the one-year rate one year ahead in the euro area and the United States had narrowed to its lowest level since September 2024. ECB ACCOUNTS: NO IMMEDIATE PRESSURE TO CHANGE POLICY RATES AT THE CURRENT MEETING THE ENVIRONMENT REMAINED MORE UNCERTAIN THAN USUAL THE CURRENT SITUATION WAS LIKELY TO CHANGE MATERIALLY AT SOME POINT THERE CONTINUED TO BE A HIGH OPTION VALUE TO WAITING FOR MORE INFORMATION.… ECB's Lane proposed no rate change, as opposed to a cut ECB'S SCHNABEL SAW RISK OF SUDDEN, SHARP MARKET CORRECTIONS
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- Oct 9, 2025 4:58am Posted byFundamental Analysis311
