Silver hovers near 14-year high - London Business News | Londonlovesbusiness.com
Briefly

Silver prices are near 14-year highs, supported by a softer dollar and uncertainty in trade negotiations. Global markets are attentive to developments before the August 1 deadline and await signals from Fed Chair Powell amid pressure for monetary easing. Recent comments from Fed Governor Waller indicate expectations for future rate cuts, which could favor silver. The global silver market is expected to see its fifth consecutive annual deficit in 2025, driven by high fabrication in green technologies. Strong investor confidence is also noted with significant ETP holdings inflows in 2025.
Recent dovish remarks from Fed Governor Waller reinforced expectations of future rate cuts, potentially boosting silver prices as market participants anticipate monetary easing.
The global silver market is set to experience its fifth consecutive annual deficit in 2025, attributed to record-high fabrication in green technologies and the supportive actions from China.
Read at London Business News | Londonlovesbusiness.com
[
|
]