empty
 
 

09.10.202504:25:30UTC+00Silver Hovers at Record Highs

Silver was steady around $49 per ounce on Thursday, maintaining its recent gains after reaching an all-time high in the previous session. This stability was driven by intensified political and economic uncertainties, coupled with expectations of interest rate cuts in the United States, which boosted demand for safe-haven assets. Investors are assessing the impact of the ongoing U.S. government shutdown, which has created an uncertain economic environment and delayed the release of critical data needed for Federal Reserve policy decisions. The latest minutes from the Federal Open Market Committee (FOMC) revealed that officials are recognizing increasing risks to the labor market that could potentially warrant an interest rate cut, though inflation concerns remain. Concurrently, markets contended with fresh political upheaval in France and leadership transitions in Japan. The tight physical market also supported silver prices, thanks to robust industrial demand from the solar and electronics industries. Additionally, the Silver Institute has projected a global supply deficit for silver for the fifth consecutive year by 2025.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback