Silver Futures Fall: Fed's High Rates Impact Metal - Rediff MoneyWiz

AI desk brief

Silver futures fell for a second day as higher-for-longer US rates continued to weigh on the metal. On MCX, December silver dropped Rs 1,743, or nearly 1%, to Rs 2,37,574/kg, while Comex December silver fell 1% to $65.75/oz in New York.

The driver is rising expectation that the Fed will keep policy restrictive, with traders watching officials’ comments for clues on whether an October hike is still possible. With little US data due this week, Fed guidance and crude oil moves are the main near-term catalysts.