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Spot silver reaches record high of $60 as traders anticipate Fed rate cut
Investors flock to silver as expectations mount for easier US monetary policy and shifting demand in precious metals.
Spot silver climbed to a record high of $60 as traders positioned for an anticipated Federal Reserve rate cut that could boost demand for precious metals.
The rally reflects growing market optimism that the Fed will ease monetary policy at its upcoming meeting, with traders increasing their bets on silver and other precious metals assets.
Lower interest rates typically make non-yielding assets like precious metals more attractive to investors seeking alternatives to bonds and savings accounts.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.