Silver Price Surpasses $66 Amid US Rate-Cut Hopes

Post Views: 218 Silver Prices Silver Price Rally Driven by US Rate-Cut Speculation Silver prices surged above $66 per ounce, marking a historic high amid renewed expectations for US interest rate cuts. Spot silver climbed as much as 4% to $66.50 before slightly retreating. Over the past month, silver has gained approximately 25%, fueled by supply concerns and a weaker US labor market. Meanwhile, gold also advanced, reaching around $4,330 per ounce, reflecting safe-haven demand. Analysts, including Marex’s Edward Meir, predict silver could target $70 in the short term. US labor market data reve...