Important points
- Spot silver has reached an all-time high of $60 on expectations for a rate cut from the US Federal Reserve.
- There is widespread optimism in the market that U.S. monetary policy will change at the next Federal Reserve meeting.
Spot silver rose to a record high of $60 as traders braced for an expected Federal Reserve rate cut that could boost demand for the precious metal.
The gains reflect growing market optimism that the Fed will ease monetary policy at its next meeting, with traders increasing bets on silver and other precious metal assets.
Lower interest rates typically make non-yielding assets, such as precious metals, more attractive to investors looking for alternatives to bonds and savings accounts.
