2025.09.0204:20:32UTC+00Silver Hovers at 14-Year Peak

Silver maintained its position at approximately $40.7 per ounce on Tuesday, following a more than 2% increase in the previous session, keeping close to its peak since 2011. This comes as traders heightened expectations for US Federal Reserve interest rate cuts. Current market analysis indicates a roughly 90% probability of a 25 basis point cut later this month. According to San Francisco Fed President Mary Daly on Friday, the central bank stands ready to ease monetary policy in light of threats to the labor market, although she noted that inflation driven by tariffs could be a temporary phenomenon. The demand for safe-haven assets provided additional support for precious metals amid concerns over the independence of the Fed and renewed uncertainties related to President Donald Trump’s tariffs. From an industrial perspective, demand was strengthened by China’s solar industry boom, which saw exports of solar cells increase by over 70% in the first six months of the year, primarily due to robust shipments to India.