Commodities
Silver Prices Tread Water Ahead of US CPI Report
Silver prices are holding steady near $63.50 per ounce as investors wait for the upcoming US Consumer Price Index (CPI) report, which is expected to influence Federal Reserve policy.
The CPI data will provide fresh clues on inflation trajectory and may impact expectations of high interest rates, affecting non-yielding assets like silver.
A hot CPI reading could reinforce prolonged high interest rates, weighing on silver prices, while a cooler print might boost hopes for rate cuts, supporting the metal.
From a technical perspective, silver is trading near its recent consolidation zone, with immediate support seen around $63.00 and potential downside toward $62.50 if broken below.