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06.10.202502:31:37UTC+00Silver Hits 14-½-Year High

Silver surged to over $48.3 per ounce on Monday, marking its highest level since April 2011. This increase follows the continued US government shutdown and growing expectations for further Federal Reserve rate cuts, prompting an increased demand for safe-haven assets. Once again, lawmakers were unable to reach a funding agreement, resulting in the suspension of critical federal programs and the delay of major data releases, such as the September jobs report initially set for release on Friday. The markets are now nearly fully anticipating a quarter-point rate cut by the Federal Reserve this month, with another expected in December. Investors are also looking forward to insights from Federal Reserve Governor Stephen Miran on Wednesday and Chair Jerome Powell on Thursday for further policy directions. Additionally, silver received support from tightening supply conditions, as the Silver Institute forecasts a global market deficit for a fifth consecutive year in 2025.

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