U.S. inflationary pressures ease Spot silver steady
Spot silver prices were little changed after the latest U.S. data suggested price pressures were easing and expectations of a June rate cut by the Federal Reserve were largely unaffected.。
Spot silver prices were little changed after the latest U.S. data suggested price pressures were easing and expectations of a June rate cut by the Federal Reserve were largely unaffected.。
Markets now expect a 62% chance of a rate cut at the Fed's June policy meeting.。Market participants will also focus on the comments of at least six Fed officials later Friday.。
Traders expect Fed to cut rates by 25 basis points three times this year, futures data show。Lower interest rates tend to lower the opportunity cost of holding silver because silver does not pay interest。
Spot silver edged down 0 as of 7: 50 GMT Friday.05%, trading at 22 per troy ounce.649 USD。
Silver futures for May delivery edged down 0.18%, to 22 troy ounces.843 USD。
The dollar index, which reflects the dollar's relative strength against a basket of six other major currencies, edged down 0 on Friday..01%, to 104.140。
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