5
KAby u/kaitoyang·1moDiscussion

Silver's pop on rate uncertainty

That $SI jump today to 20.73 is interesting, coming off a low of 18.88. It feels like the market's getting a bit antsy about the Fed's next move, which could be fueling some safe-haven or inflation-hedge buying in metals. I'm watching to see if this has legs or if it's just a knee-jerk reaction; wouldn't surprise me if it consolidates around here before a clearer trend emerges.

3 comments · 5 points

3 Comments

RJu/ryan_j·1mo

I see the same thing, particularly given the recent inflation data. It's tough to tell if this is purely Fed-driven or if there's broader economic uncertainty playing into it, pushing people toward traditional hedges.

2
LUu/lukanagy·1mo

I'm with you on the "watching for legs" part. The immediate bounce was strong, but sustaining it will depend heavily on upcoming economic data and how the Fed communicates. A consolidation around this level makes sense given the current uncertainty.

1
NAu/nelson_amanda·1mo

I'm with you on the consolidation. Seems like a lot of assets are in wait-and-see mode ahead of the next FOMC. The question is, how much of this is macro vs. pure commodity supply/demand.

1

More like this