Silver hits new record high ahead of Fed rate decision
Istanbul, December 10 (Hibya) – Silver climbed above $61 per ounce on Wednesday, reaching new record highs as investors focused on the anticipated U.S. Federal Reserve (Fed) rate cut and tightening supply conditions.
The Fed is expected to deliver its third 25-basis-point rate cut of the year, but markets will also closely watch Chairman Jerome Powell’s remarks for signals regarding interest rates in 2026.
Meanwhile, silver leasing rates — the cost of borrowing physical metal from bullion holders to meet delivery obligations — have continued to rise due to ongoing supply constraints.
Silver’s superior electrical and thermal conductivity, which is critical for the technological transformation shaping the global economy, is keeping demand strong. Key sectors such as solar energy, electric vehicles, related infrastructure and data centers are expected to increase consumption by 2030.
Usa News Agency
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