Interest rate cut expectations ignite investment enthusiasm, silver rises above $40 for the first time in 14 years

Driven by expectations of a rate cut by the Federal Reserve, silver prices have surpassed $40 per ounce for the first time, with an increase of over 40% this year. On Monday, spot silver rose by about 1.9%, reaching $40.534. Gold, platinum, and palladium prices also rose in tandem, as precious metals are favored as safe-haven assets. The market widely expects the Federal Reserve to cut rates by 25 basis points this month, and the industrial applications of silver in the clean energy sector also support its price. The global silver market will experience a supply shortage for the fifth consecutive year, with ETF holdings marking the longest inflow cycle since 2020