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Silver Slid by over 1% to reach $31.6 per ounce on Friday, as traders cashed in some profits after surging to a more-than-decade-high in the prior session.
Bullion assets have been receiving support, hitting records on bets of incoming rate cuts by the Federal Reserve and other central banks.
The Fed delivered a sharper-than-expected 50bps rate cut in its September meeting, and FOMC members have since noted that the quick deterioration of the labor market’s resilience and softening inflation are likely to warrant more loosening in coming decisions.
Bullion assets have been receiving support, hitting records on bets of incoming rate cuts by the Federal Reserve and other central banks.
The Fed delivered a sharper-than-expected 50bps rate cut in its September meeting, and FOMC members have since noted that the quick deterioration of the labor market’s resilience and softening inflation are likely to warrant more loosening in coming decisions.
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