Spot silver has entered a cycle adjustment, but the bearishness is limited.
In the Asia time zone spot silver (XAG/USD) trading, the price has fallen to around $64.95 per ounce. Since reaching a record high, there has been a short-term profit-taking sell-off. However, among market participants, the consensus is that "this is only a temporary correction and unlikely to signal a reversal of the underlying trend."
Potential Fed rate cuts triggered by slowing inflation
Thursday's US statistics are playing a significant role as a key variable. According to the latest data from the US Bureau of Labor Statistics (BLS), the November CPI (Consumer Price Index)...