{"id":132093,"date":"2024-09-18T08:25:51","date_gmt":"2024-09-18T08:25:51","guid":{"rendered":"https:\/\/kinesis.money\/?p=132093"},"modified":"2024-09-18T08:25:51","modified_gmt":"2024-09-18T08:25:51","slug":"silver-edges-lower","status":"publish","type":"post","link":"https:\/\/kinesis.money\/zh-hans\/market-analysis\/silver-news\/silver-edges-lower\/","title":{"rendered":"Silver Price News: Silver Edges Lower After Two-Month Highs"},"content":{"rendered":"\n

Silver prices ticked slightly lower on Tuesday but held onto the sharp gains seen at the end of the previous week.<\/p>\n\n\n\n

Prices nudged lower to $30.67 an ounce, compared with around $30.77 an ounce<\/a> in late trades on Monday. Prices briefly spiked above $32.00 an ounce last Friday but trading at that level could not be sustained.<\/p>\n\n\n\n

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KAG\/USD 1-hourly Kinesis Exchange<\/figcaption><\/figure>\n\n\n\n

Silver, like gold, continues to reflect the market\u2019s expectation that the US Fed will cut interest rates at its meeting on Wednesday, representing the opening salvo in an expected rate-cutting cycle as the central bank seeks to stimulate the economy, now that inflation is moving closer to its target levels.<\/p>\n\n\n\n

The markets appear to be pricing in a more than 60% chance of a 50-basis point cut this week and further cuts before the year is out \u2013 a scenario that would put wind in the sails of non-interest-bearing assets like gold and silver.<\/p>\n\n\n\n

Despite the slight fall on Tuesday, silver continues to take support from gold prices, which climbed to a fresh all-time high of $2,590 an ounce on Monday.<\/p>\n\n\n\n

On the technical charts, silver prices have shown a reluctance to move above $31.00 an ounce, which marks the upper boundary of a downward-sloping trend channel that began at the highs of over $32.60 an ounce in late May.<\/p>\n\n\n\t\t\t

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Frank\u2019s experience<\/a> covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
\n<\/i><\/p>\n

Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Silver prices ticked slightly lower on Tuesday but held onto the sharp gains seen at the end of the previous week.<\/p>\n","protected":false},"author":50,"featured_media":132125,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[91,214],"tags":[],"class_list":["post-132093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-silver-news"],"acf":[],"yoast_head":"\nSilver Edges Lower After Two-Month Highs<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' silver price news analysis for today, Wednesday 18th of September 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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