Silver Rises as Fed Outlook Mulled
Silver climbed more than 1% to above $42.2 per ounce on Friday, recovering losses from earlier in the week as investors weighed the outlook for US Federal Reserve rate cuts.
On Wednesday, the Fed delivered a widely anticipated quarter-point cut and projected two more reductions this year, while signaling just one cut in 2026. Fed Chair Jerome Powell framed the move as a risk management step in response to labor market weakness, stressing there was no urgency to accelerate easing.
Elsewhere, the Bank of Canada also cut rates, while the Bank of England and the Bank of Japan left policy unchanged. On the industrial side, strong demand from solar, electric vehicles and electronics, combined with supply constraints, continues to lend support to silver.
Source: Tradingeconomics.com
