Silver Steadies Above $51

2025-11-25 13:50 By Joana Ferreira 1 min. read

Silver remained above $51 per ounce on Tuesday, as a run of softer-than-expected US economic data reinforced expectations of a Federal Reserve rate cut in December.

Retail sales rose only 0.2% in September, down from August’s 0.6% increase and below the forecast 0.4% gain.

Labor market signals also weakened, with ADP reporting that private employers shed an average of 13,500 jobs per week in the four weeks to November 8, a notable deterioration from earlier periods.

Expectations for monetary easing intensified after Fed Governor Christopher Waller on Monday backed a December rate cut, pointing to persistent labor-market softness.

His remarks echoed recent comments from San Francisco Fed President Mary Daly and New York Fed President John Williams.

Markets now assign more than an 80% probability to a 25-basis-point cut next month, up from around 40% just a week earlier.



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