Spot silver surpasses $60 for the first time—supported by expectations of Fed rate cuts

In mid-December, physical silver in the international commodity markets reached an unprecedented high, breaking through the $60 per ounce mark for the first time. Traders are anticipating a rate cut by the Federal Reserve (FRB) in the near future, which is exerting upward pressure on prices. During intraday trading, volatility exceeded 3%, with the cumulative increase since the beginning of the year surpassing $31, or 108%.

The outlook for lower interest rates tends to enhance the investment appeal of silver, a non-yielding asset. As expectations of monetary easing grow, a wide range of participants—from institutional investors to individual investors—are focusing on silver prices crossing the psychological barrier of $60, marking a significant turning point in market sentiment.