Silver Prices React to Fed Rate Cut Speculation, Strong US Employment Data, CPI Numbers, and Political Concerns in Europe =============== #b5cae3b0 ver:0.6
Silver prices rebound from three-week low on speculation of Fed rate cut, strong US employment data, CPI numbers, and political concerns in Europe. Price hovers around $29.50, gold/silver ratio suggests silver outperformance. Traders advised to buy on dips at $30.50 with target price of $32.50. Strong employment data contributes to rebound. Fed expected to leave rates unchanged, but 50% chance of cut in September. Political concerns in Europe lead to risk aversion. Silver prices influenced by US economy, Fed decisions, employment data, CPI, and European politics. #SilverPrices #FedRateCut #USEmployment #CPI #EuropeanPolitics...