Silver surges above $43 as policy easing looms

Silver futures climbed above $43 per ounce, approaching 14-year highs, driven by strong expectations of a 25bps US Federal Reserve rate cut this week. The dollar index traded near 2 month lows, slipping under 97 mark, as the Federal Reserve begins its two-day policy meeting later today. Cooling labor market data and subdued inflation boosted the case for easier policy, while President Trump urged a bigger cut amid housing market worries. Central banks in Canada and China are also likely to ease policy, further fueling bullish sentiment. On the supply side, tight industrial demand from solar, EVs, and electronics adds upward pressure, keeping silver well supported. MCX October silver futures are up 0.2% at Rs 129630 per kg.

Powered by Commodity Insights