Silver Holds Rebound After Fed
Silver rose above $47 per ounce on Wednesday, rebounding from one-month lows as technical buying met fresh policy developments.
The Federal Reserve cut rates by 25 bps to a 3.75 to 4.00% target range and signalled an end to balance sheet runoff after November with securities reductions concluding on December 1st, a move that trims real short rates and eases liquidity conditions that favour non-yielding metals.
The ongoing US government shutdown has delayed key economic releases, leaving markets more sensitive to each data point. Traders also watched Thursday’s Trump and Xi meeting for a trade framework that could pause new US tariffs and China rare earth curbs, which would curb safe-haven demand. Last week silver plunged more than 6% on profit taking after a record run, helping to set up the current technical rebound.
Source : Tradingeconomics.com