Commodities
Silver Prices Steady Near $65.40 as Fed Rate Hike Bets Soften
Silver prices have steadied near $65.40 as market expectations for Federal Reserve rate hikes ease, providing some support to the precious metal's outlook.
The recent stabilization in silver prices comes as investors dial back bets on aggressive Fed tightening, with the CME FedWatch Tool showing a more dovish path than earlier in the year.
A weaker US Dollar Index has also softened pressure on dollar-denominated commodities, typically supporting silver prices by making it cheaper for holders of other currencies.