Countdown to the Fed Decision: Silver Hits a New All-Time High
Countdown to the Fed Decision: Silver Hits a New All-Time High
As markets await today’s interest rate announcement from the Federal Reserve, attention is fully centered on monetary policy. While gold remained range-bound, silver prices surged to a historic all-time high.
Markets brace for the Fed outcome
The Fed will release its policy decision at 10:00 PM TRT, followed by Chair Jerome Powell’s press conference at 10:30 PM. According to CME data, markets price in an 87.6% probability of a 25 bps rate cut.
Silver breaks a historic record
Just hours before the announcement, silver jumped sharply due to supply shortages and rising investment demand, surpassing $61 per ounce for the first time and hitting a new all-time high of $61.47.
This rally pushed gram silver to a record 84.21 TRY.
Sector demand and analyst insights
Strong demand from electronics, semiconductors, and renewable energy sectors continues to support silver. Standard Chartered analyst Suki Cooper noted persistent supply deficits and regional stock imbalances affecting the market.
Cooper emphasized that short-term focus will shift to Powell’s guidance regarding the coming year.
Gold remains range-bound
Despite silver’s sharp rally, gold stayed in a narrow range. Spot gold dipped 0.1% to $4,207, while gram gold opened at 5,760 TRY. Brian Lan of GoldSilver Central said: “Everyone is waiting for signals from tonight’s Fed decision.”
