Silver Holds Near All-Time Highs
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Silver prices remain near record highs at $58 per ounce, up 100% year-to-date, driven by tightening supply and expectations of US Federal Reserve rate cuts. Silver-backed ETFs added 200 tons, reaching the highest holdings since 2022. London saw record silver inflows, while Shanghai inventories hit a decade low. The Fed is expected to cut rates by 25 basis points next week, with further reductions anticipated next year.
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