Silver: Interest Rate Pull vs. Real Demand Support
Silver corrected again after rallying in the Asian session as markets re-emerged in doubt about the chances of a Fed rate cut in the near future. Solid US employment and services data kept the dollar strong, reducing interest in the precious metal as a hedge.
At the same time, risk appetite improved as global equities rebounded, further reducing demand for safe-haven metals. However, geopolitical uncertainty and trade issues limited further declines, keeping silver in demand as a portfolio balancer.
From a physical fundamental perspective, industrial demand—from solar panels and electronics to electric vehicles—continues to underpin medium-term demand. The future direction will be heavily influenced by the tone of Fed officials, the US Supreme Court's ruling on tariffs, and the release of Chinese data, which serve as a barometer for the manufacturing and consumption prospects of this white metal. (az)
Source: Newsmaker.id
