Silver Hits Fresh All-Time High
Silver jumped nearly 3% toward $99 an ounce on Friday, reaching new record highs as a weakening dollar provided additional support to the rally in precious metals. Investors sought real assets as the dollar suffered from shifting US-Europe geopolitical dynamics over Greenland and growing concerns that Europe could weaponize its substantial US asset holdings.
Meanwhile, the US Federal Reserve is widely expected to keep interest rates unchanged next week, supported by signs of a resilient economy, although markets continue to price in two potential rate cuts later this year. President Donald Trump is expected to select the next Fed chair after completing interviews with candidates, with a more dovish appointee likely strengthening expectations for further easing. The rally in silver has also been fueled by a historic short squeeze and strong retail buying, as well as China's tightening export controls.asd)
Source: Newsmaker.id
