Silver Gains Ahead of Fed Decision
Silver rose to around $47.5 per ounce on Wednesday, moving away from one-month lows in a likely technical rebound, while investors looked ahead to the latest US Federal Reserve policy decision. he Fed is widely expected to deliver a 25 basis point rate cut later in the day, with markets watching Chair Jerome Powell’s comments for guidance on future easing. Meanwhile, the ongoing US government shutdown entered its fifth week, delaying key economic data releases critical for shaping monetary policy expectations. Traders also monitored trade developments ahead of Thursday’s Trump-Xi meeting in South Korea, where they are set to finalize a framework that could pause higher US tariffs and China’s rare earth export controls. Last week, silver slumped over 6% as profit-taking hit the market following a record-setting rally that raised concerns about overvaluation.
