Silver Price Forecast: XAG/USD rises to near $27.00 due to rising odds of a Fed rate cut
August 08, 2024 at 06:50 AM EDT
Silver prices appreciate as traders price in a deeper rate cut by the Fed in September. CME FedWatch tool indicates 72.0% odds of a 50-basis point Fed rate cut in September, up from 11.8% last week.
