Commodities
Silver Price Holds Above $67.40 Amid Market Caution and Fed Uncertainty
The silver price has maintained its bullish trend despite a pullback from $70.00 on Thursday, with dips capped above $67.40 in the European morning session.
This stability is attributed to buyers stepping in above this level to trim losses and return the price action to the mid-range of the $68.00s.
The broader trend remains bullish, with prices steady above previous highs around $67.00.
However, market volatility has remained subdued ahead of the key Jackson Hole Symposium, where investors are eagerly awaiting insights on US Federal Reserve policy from Chairman Kevin Warsh's speech scheduled for Friday.