Silver Nears Critical $51 Threshold as Rally Accelerates

Silver prices surged to a three-week peak today, reaching $51.22 per ounce amid growing expectations of Federal Reserve interest rate reductions and disappointing U.S. economic indicators. The precious metal’s impressive advance reflects shifting market sentiment toward monetary policy easing.

Recent economic reports from the United States have significantly strengthened the case for accommodative monetary policy. October employment data revealed losses in both government and retail sectors, while consumer sentiment deteriorated to its lowest level in three and a half years.

Market participants now assign a 64% probability to a 25-basis-point rate reduction in December. Adding to the dovish outlook, Federal Reserve Governor Stephen Miran has advocated for a Read more...