Silver Extends Losses on Profit-Taking
Silver fell to around $51.7 per ounce on Monday, extending a sharp decline from the previous session as investors locked in profits after a historic rally to record highs. Improving risk sentiment, driven largely by signs of easing US-China trade tensions, also weighed on safe-haven demand. Traders now await key US inflation data this week following a data blackout caused by the government shutdown. Meanwhile, the Federal Reserve is widely expected to cut rates by 25 basis points next week, followed by another move in December and possibly three more in 2026. Last week, silver spiked to all-time highs amid a liquidity crunch in London’s silver market that sparked a global scramble for physical supply, while strong Indian demand further tightened conditions.
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