Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week

Silver prices experienced a notable surge of over 4% in a single week, fueled by speculations of an impending U.S. interest rate cut. This anticipation was stirred by a downturn in U.S. manufacturing activity and a dip in consumer confidence, suggesting softer economic conditions that might prompt the Federal Reserve to adjust its monetary policy.