The price of silver (XAG/USD) has rebounded to approximately $30.30, driven by increased market anticipation of a Federal Reserve interest rate cut in June. This recovery, representing a near 2.4% increase during North American trading hours on Monday, follows a significant decline in the preceding days. Market confidence in a potential Fed rate reduction has grown, influenced by concerns expressed by Fed Chair Jerome Powell regarding the potential adverse economic effects of proposed tariffs, specifically the risk of increased inflation and unemployment. Despite this positive price movement, the demand outlook for silver as an industrial metal remains subdued.
