Commodities
Silver Price Tumbles Ahead of US PPI Data
The price of Silver has fallen to near $65.80 due to the US Dollar's recovery ahead of the August US PPI data release.
Investors are awaiting the release, which is expected to show a faster year-on-year pace of 5.3%, up from 4.7% in July.
The recent repricing along the curve has been accompanied by a notable shift in policy expectations, with Fed funds futures markets now pricing around a 60% probability of a 25bp increase at next week's meeting.