FX.co ★ Silver Rises Ahead of Fed Minutes

Silver edged up toward $74 per ounce on Wednesday, stabilizing after two straight sessions of losses, as dip-buying emerged and traders positioned ahead of the Federal Reserve’s January meeting minutes. Markets still anticipate multiple rate cuts later this year—a backdrop generally supportive for non-yielding assets like silver. Recent Fed commentary has signaled that rates may stay on hold for some time, while leaving the door open to further cuts later in the year if inflation continues to move toward the 2% target. Investors are closely monitoring upcoming Fed remarks and key US economic releases, including GDP and core PCE data, for clearer guidance on the policy outlook. Earlier strength in the US dollar and a moderation in geopolitical tensions weighed on safe-haven demand, while overall trading activity remained muted with many Asian markets closed for the Lunar New Year.