Commodities Analysis by Investing.com (Günay Caymaz) covering: Gold Spot US Dollar, Silver Spot US Dollar, Gold Futures, Silver Futures. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
stumbled out of the gate this week, erasing last week's gains and retreating to the critical $30 support zone. This shaky start follows a mix of geopolitical and economic developments that have left traders weighing potential outcomes for the precious metal.
The Federal Reserve’s evolving stance on monetary policy could be a game-changer for silver. Recent comments from Fed officials, including Minneapolis Fed President Neel Kashkari, hinted at potential easing measures in December. Expectations of further rate cuts could enhance silver’s appeal as a hedge against monetary uncertainty.While silver faces short-term pressures, its industrial applications continue to support demand.
For now, traders are closely watching the $30 support zone. The balance between dollar strength, Fed policy signals, and industrial demand will likely dictate silver’s next move. As the year unfolds, silver’s dual role as an industrial metal and safe-haven asset will remain in focus, making it a market worth watching.Disclaimer: This article is written for informational purposes only.
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