Silver Prices Forecast: Firm Dollar, Rising Treasury Yields Weigh
==========
Silver prices fell Monday as the U.S. dollar firmed and investors awaited clearer signals from the Federal Reserve on the timing of potential rate cuts. Hawkish comments from Fed officials, including Kashkari, suggest a December rate cut is most likely, affecting silver prices. U.S. Treasury yields ticked higher on Monday as the market digested Kashkari’s comments and priced in a later rate cut. Despite the current headwinds, silver could still benefit from a weaker dollar. This week’s key data point for silver is Tuesday’s U.S. retail sales figures. In the near term, silver faces headwinds from a potentially stronger dollar due to delayed Fed rate cuts. However, a dovish shift in Fed policy later this year, along with a weakening U.S. economy, could create a buying opportunity for silver prices.
#SilverPrices #UsDollar #FederalReserve #RateCuts
https://www.fxempire.com/forecasts/article/silver-prices-forecast-firm-dollar-rising-treasury-yields-weigh-1438797
FX Empire /
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2024-06-17 11:55:01
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2024-06-17 11:55:01Event JSON
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"content": "Silver Prices Forecast: Firm Dollar, Rising Treasury Yields Weigh\n==========\n\nSilver prices fell Monday as the U.S. dollar firmed and investors awaited clearer signals from the Federal Reserve on the timing of potential rate cuts. Hawkish comments from Fed officials, including Kashkari, suggest a December rate cut is most likely, affecting silver prices. U.S. Treasury yields ticked higher on Monday as the market digested Kashkari’s comments and priced in a later rate cut. Despite the current headwinds, silver could still benefit from a weaker dollar. This week’s key data point for silver is Tuesday’s U.S. retail sales figures. In the near term, silver faces headwinds from a potentially stronger dollar due to delayed Fed rate cuts. However, a dovish shift in Fed policy later this year, along with a weakening U.S. economy, could create a buying opportunity for silver prices.\n\n#SilverPrices #UsDollar #FederalReserve #RateCuts\n\nhttps://www.fxempire.com/forecasts/article/silver-prices-forecast-firm-dollar-rising-treasury-yields-weigh-1438797",
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