Silver remained below $30.5 per ounce on Wednesday, continuing to face downward pressure following recent heavy selling, as concerns grew over a more cautious pace of monetary easing by the US Federal Reserve in 2025.
Silver prices remain below $30.5 per ounce
While the Fed is widely expected to announce a 25 basis point rate cut this week, it may also signal fewer rate reductions next year due to inflationary risks. Further weighing on silver and other metals were persistent uncertainties around demand in China, the world’s largest metals consumer. Recent data showed China’s retail sales growth slowed more than anticipated in November, indicating softer consumption, while new home prices declined for the 17th consecutive month, underscoring the ongoing struggles in the property sector.
Beijing’s latest stimulus announcements have failed to lift investor sentiment
Additionally, Beijing’s latest stimulus announcements have failed to lift investor sentiment, primarily due to the absence of clarity on the size and scope of proposed rescue measures.
