Silver Establishes Around $51
Silver steadied around $51 as markets digested the Fed’s October minutes which revealed a divided committee. Many officials still expect cuts at some point but a large group signalled that a December move is not certain, and that pullback in near term easing expectations strengthened the dollar and removed some momentum from the metals rally.
At the same time lingering macro and geopolitical risks preserved safe haven demand. Physical fundamentals remained supportive with technical momentum from last month’s break above $52 keeping buyers engaged and steady Asian physical purchases propping up demand even as spot liquidity has shown signs of improvement. With attention fixed on the delayed US jobs report and further Fed commentary, silver’s next leg will hinge on whether incoming data restores stronger cut odds or confirms a more cautious Fed path.
Source : Tradingeconomics.com
