Commodities
US Silver Prices Plummet Amid Fed Hawkishness
The US silver market saw a significant decline in July, with prices plummeting to approximately **.** month-on-month and closing at $*,***/MT, according to ChemAnalyst data.
This marked a year-to-date low near $**/oz on July **, with the primary catalyst being the Federal Reserve's increasingly hawkish stance.
The committee's *-* vote to hold rates steady, with three dissenters favoring a hike, represented the most hawkish divergence of the current tightening cycle.