On Tuesday (March 12), spot silver prices fell slightly, but remained close to last Friday's (March 8) 14-week high of 24.$636, upcoming U.S. CPI report will provide more key reference for the timing of the Fed's first rate cut。

Based on market consensus, the overall U.S. consumer price index (CPI) may stabilize at 3 in February..1%, while core CPI inflation is expected to increase from 3 in 2019.9% down to 3.7%, reaching a low in January to 2.5 years。

Insiders said: "Looking at the January data, progress in US inflation has stalled, but lawmakers' tendencies appear to indicate an accommodative attitude, and February's inflation data, which again exceeded expectations, is likely to challenge this attitude.。"

The market is expecting the Fed to raise rates three to four times this year, with a 70% probability of a June rate hike, according to LSEG's rate probability app。

Lower interest rates usually reduce the opportunity cost of holding silver because silver does not pay interest。Spot silver prices down 0 as of 7: 36 GMT on Tuesday.25%, to 24 troy ounces.408 USD。

Silver futures for May delivery down 0.42%, at 24 troy ounces.610 USD。

On the day, the dollar index, which reflects the relative strength of the dollar against a basket of six other major currencies, fell slightly by 0.03% at 102.815, the DXY index has moved from an eight-week low of 102.358 rebound。