Silver tumbles over 3% as Fed rate hike bets fuel US Dollar rally - www.tmgm.com

AI desk brief

Silver fell 3.04% to around $50.15 on Thursday, with the article attributing selling pressure to dollar strength and increased Fed tightening expectations; DXY traded near 103.10. October core CPI rose 0.3% month-on-month versus 0.2% forecast, while headline CPI increased 0.4% versus 0.3% expected. The report says markets fully priced a December rate hike and assigned nearly 65% odds to another in January. Continued dollar strength could pressure silver, although higher nominal rates alone do not establish higher real yields. Friday’s US PPI release and further Fed comments are the next cited catalysts.