05.11.202505:50:32UTC+00Silver Rises After Three-Day Slide

Silver prices rose above $47.5 per ounce on Wednesday, ending a three-day decline as a surge in global risk aversion increased demand for safe-haven assets. Although gains were tempered by a stronger US dollar, the market sentiment turned risk-averse, leading to significant declines in global equities and other risk assets. This shift was driven by rising concerns about high valuations and uncertain future US interest rate reductions. Federal Reserve officials expressed caution regarding further monetary easing, with the likelihood of a 25 basis point rate cut next month now considered to be at 69%, a reduction from nearly 90% prior to the recent Federal Open Market Committee meeting. Investors eagerly anticipate private payroll figures from ADP for additional insights into monetary policy, as the ongoing record-long US government shutdown delays critical economic data releases. Last month, silver briefly reached record highs due to a short squeeze and liquidity challenges in London, before retreating as investors capitalized on profits.