Silver regains momentum ahead of Fed call

Silver advanced to about $47.6 per ounce on Wednesday, staging a recovery from recent one-month lows as bargain hunters returned to the market. Investors turned their focus to the US Federal Reserve?s policy meeting, where a 25 bps rate cut is widely expected, while the dollar index stayed firm near 98.7. On the MCX, silver futures traded 0.5% higher at ₹144997 per kg. Market sentiment was also influenced by the ongoing US government shutdown and anticipation over the Trump-Xi meeting, which may help cool trade tensions. After last week?s 6% slide on profit-taking, silver is regaining traction as traders await fresh direction from Fed Chair Jerome Powell?s comments.  

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