Silver rebounds to $74/oz, snapping a two-day slide as dip buyers step in ahead of the Federal Reserve’s January meeting minutes.
Markets are still leaning toward multiple rate cuts later this year — a supportive backdrop for non-yielding assets like silver — even as recent Fed commentary hints rates could stay higher for longer if inflation stalls.
Traders now shift focus to upcoming US GDP and core PCE data for clearer direction on policy. Earlier dollar strength and easing geopolitical tensions capped safe-haven flows, while lighter Lunar New Year trading kept volumes muted.
Eyes on the Fed — volatility could pick up.
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