Spot silver: If you want to invest in physical silver, you may be wondering how to get the best possible price. Although prices can vary depending on a number of factors, there are some guidelines that can help ensure you get the best possible price when it comes to buying silver.
- Spot Gold Above $2645 Next Target $2700—$2718
- Gold Forecast: China’s central bank is buying more gold
- MCX Copper Above 807 Buy on Dips, Target Price 822—832—837
- Silver price remains stronger as receives support from safe-haven demand.
- The precious metals like Silver gain support amid uncertainty surrounding inflation and potential Trump tariffs.
- Traders closely monitor the US Nonfarm Payrolls report for further insights into the Federal Reserve’s policy direction.
Spot Silver Expected Target Price
Spot silver above $30.50 (Closing Needed), expected target price $32.00——$32.35
Fed Policymakers Outlook
The latest FOMC Meeting Minutes showed that Fed policymakers expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have. Fed officials indicated they would be moving more slowly on rate reductions because of the uncertainty. Fed officials penciled the expected cuts in 2025 to two from four in the previous estimate at September’s meeting.
Geopolitical Tensions
Heightened geopolitical tensions have intensified market volatility, driving investors toward safe-haven assets like Silver. On Thursday, four people were killed in shelling incidents in Ukraine, with regional officials attributing one attack to Russia’s military and another to Ukrainian forces. In the Russian-controlled Zaporizhzhia region, two additional fatalities occurred when the town of Kamyanka-Dniprovska came under Ukrainian fire, according to Russia-appointed governor Yevgeny Balitsky, as reported by Reuters.
