Silver Stabilizes Near $65.40 Amid Shift in Fed Hike Expectations

The silver price has stabilized near $65.40 as investors reassess their expectations for Federal Reserve rate hikes.

According to the CME FedWatch Tool, the probability of a rate cut by June has increased, with markets now pricing in a more dovish path than earlier this year.

This shift reduces the opportunity cost of holding non-yielding assets like silver, making it more attractive to investors.

The US Dollar Index (DXY) has softened from its recent highs, easing pressure on dollar-denominated commodities and supporting silver prices.