FX.co ★ Silver Breaks $100

Silver has reached an unprecedented milestone, surging to $100 per ounce, driven by several economic and geopolitical factors. The decline of the US dollar, due in part to evolving US–Europe geopolitical dynamics over Greenland, has played a significant role. Investor concerns are mounting over Europe's potential use of its substantial US asset holdings as a strategic leverage. Concurrently, the Federal Reserve is expected to maintain current interest rates at its upcoming meeting, a decision reflecting indications of ongoing economic stability. However, market predictions still indicate the possibility of two interest rate cuts later this year, a scenario gaining credibility as President Donald Trump progresses in his decision-making process for appointing the new Fed chair, having already conducted interviews with prospective candidates. Furthermore, silver's upward trajectory has been reinforced by a historic short squeeze, increased demand from retail investors, and China’s implementation of stricter export controls. These elements have heightened supply concerns and added momentum to silver's ascent.