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Silver Steady Near Record High on Rate-Cut Bets and Tight Supply
Silver steadied near a record after rallying about 17% over the previous seven sessions as traders piled into bets for lower interest rates, while the market faced ongoing supply tightness. Gold was flat. Investors are wagering that a new Federal Reserve chair and the release of delayed US economic data this month will support President Donald Trump’s calls for monetary easing. The recent gains in precious metals reflect the potential for cuts to gather pace after Jerome Powell’s term ends in May. In the near term, investors are pricing in a cut at the Fed’s meeting this month. Lower rates tend to benefit gold ... (full story)
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