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。

December CPI growth of 0.3%, an annual increase of 3.4% Core CPI remains stable at 0.3%, showing inflation-balanced energy costs fell year-over-year, while food prices rose CPI growth。

The lower inflation data, overlaid with a cooling job market, suggests that both key data on the U.S. economy are moving in the direction the Fed expects.。

Data released by the U.S. Labor Department on the 12th showed that the U.S. consumer price index, or CPI, rose 3.7%。September core CPI, excluding food and energy prices, rose 4.1%。Given the continued easing of U.S. inflationary pressures, financial markets generally expect the Fed's current round of rate hikes to be nearing completion。Since this week, the Fed's vice chairman, governors and a number of Federal Open Market Committee members have said that rising U.S. bond yields have weakened the need for further rate hikes。The latest market in the U.S. federal funds rate swap market shows that the probability of the Fed raising interest rates by 25 basis points in November has fallen below 10%。