Commodities
Silver Prices Climb Amid Low-Level Buying, Inflation Concerns Loom Large
Silver prices have been rising due to low-level buying after recent pressure. The metal settled up 0.24% at ₹2,39,888 on Friday, but upside is capped by hawkish signals from Federal Reserve officials regarding persistent inflation risks.
Chicago Fed President Austan Goolsbee highlighted strong demand as a potential contributor to inflation, along with higher energy prices and supply shocks. Minneapolis Fed President Neel Kashkari also emphasized elevated inflation as a key policy concern.
The CME FedWatch Tool indicates nearly a 90% probability of at least one US interest rate hike this year, keeping monetary policy expectations a major influence on precious metals.