Silver Hovers 14-Year High After Powell Comments

Silver stayed above $44 per ounce on Wednesday, hovering near a 14-year high as traders reassessed the Federal Reserve’s outlook following measured remarks from Chair Jerome Powell. Powell cautioned that the timing of rate cuts remains uncertain, stressing the Fed’s challenge in balancing inflation control with signs of labor market weakness. He also highlighted that tariff-driven inflation has so far been toward the lower end of forecasts, leaving room for a less restrictive stance. On the industrial front, silver continues to benefit from robust fundamentals, with tight supply supporting prices alongside resilient demand from solar, electric vehicle, and electronics manufacturers.