Spot silver reaches record high of $60 as traders anticipate Fed rate cut

Photo by Noah Berger

Spot silver reaches record high of $60 as traders anticipate Fed rate cut

Spot silver hits a record high at $60 on Fed rate cut expectations, fueling a broader precious metals rally amid market optimism.

Estefano Gomez

Powered by Gloria

Updated 1:24 p.m. ET

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.

Spot silver reaches record high of $60 as traders anticipate Fed rate cut

Spot silver reaches record high of $60 as traders anticipate Fed rate cut

Spot silver hits a record high at $60 on Fed rate cut expectations, fueling a broader precious metals rally amid market optimism.

by Estefano Gomez | Powered by Gloria

Photo by Noah Berger

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.