The XAG/USD tapped into a fresh high for the week near $22.14 after the US Federal Reserve's (Fed) latest meeting minutes release shows the US central
XAG/USD taps a new one-week high after US
minutes land meekly. Silver spot has an opportunity to extend a near-term rebound. Downside risks remain as US inflation fears continue to be a thorn in the side of precious metals. bank stuck in the middle, holding steady on rates but seeing several inflation risks in the future. Spot Silver has seen a moderate recovery and is trading north of $22.00, though XAG/USD still has a lot of ground to recover after tumbling nearly 13% peak-to-trough from September's peak of $23.77.
minutes: Members agreed rates should stay restrictive for some time With the Fed's meeting minutes landing with barely a whisper, markets will be turning eyes ahead to Thursday's US Consumer Price Index data release, where headline CPI inflation is expected to tick down slightly from 3.7% to 3.6% for the annualized period into September. US annual PPI rises 2.2% in September vs. 1.
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