31.10.202503:40:49UTC+00Silver Holds Advance

Silver prices remained above $48.5 per ounce on Friday, wrapping up the week with a modest gain as market volatility spurred interest in safe-haven assets. US equity markets dipped from their peak levels overnight, driven by a decline in tech stocks. This followed the Federal Reserve's recent interest rate cut and a meeting between President Trump and President Xi, both of which failed to provide significant new incentives for the market. The Fed's quarter-percentage-point rate reduction was largely expected, but Chair Jerome Powell noted that further cuts in December are not a certainty. The Trump-Xi meeting concluded with minor trade concessions, yet it did not deliver any major surprises. Additionally, silver lease rates in London subsided from their record highs, indicating better market liquidity. Earlier in the month, silver prices had surged to record levels amid a liquidity crisis and short squeeze in London, only to fall back due to profit-taking.