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Commodities

Silver Price Hits Two-Month High Ahead of US Inflation Figures

Guavy AI Editorial Team
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Silver
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Silver's price has surged to its strongest level since early June, reaching $66.476 per ounce on Tuesday. This marks a two-month high and extends gains to 21.43 percent since July 17.

The metal has been consolidating as markets await the latest US inflation figures, due out Wednesday. Traders are positioned for either a boost or a stall in the rally.

A hawkish pushback from the Federal Open Market Committee's late-July meeting and a deteriorating jobs picture have left markets grappling with conflicting signals.

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