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.