Post #15556

Silver Breaks $70 as Dollar Weakness and Rate-Cut Bets Fuel Momentum Silver broke above $70 for the first time as momentum across precious metals accelerated. Gold followed closely, trading just below $4,500, supported by a weaker dollar and persistent geopolitical risk driving safe-haven demand. Silver is amplifying the move. Tight supply conditions, strong investment flows, and speculative interest are magnifying price action as it pushes into new territory. At the same time, the USD continues to slide, on pace for its steepest annual decline since 2017. Macro tailwinds remain firmly in place. Markets are now pricing two rate cuts in 2026, with expectations of a more dovish Fed reinforced by reports that President Trump plans to name a new Fed chair early next year. - Alan