Commodities
Silver Price Stuck Between Fed Headwinds and Physical Supply Deficit
Silver's price has been under pressure in recent days, hovering around $68 to $69 per ounce as investors weigh persistent inflation and Federal Reserve policy expectations against a tight long-term supply picture.
The near-term silver price analysis remains closely tied to interest rates, with stronger US inflation data increasing expectations for another Fed rate hike before year-end.
JPMorgan's $63 silver forecast highlights the downside risk, particularly given its proximity to an important technical level and a 50-week exponential moving average near $63.93.