![The expectation of a June Fed rate cut drove up the price of silver](https://market-tracker.in/wp-content/uploads/2024/03/silver2-600x400.jpeg)
The expectation of a June Fed rate cut drove up the price of silver
Silver closed yesterday at 73467, a noteworthy increase of 1.65%, demonstrating a good performance. Expectations of a possible June rate cut propelled this upward movement, especially in light of data showing a slowdown in U.S. manufacturing activity and a drop in consumer sentiment in February. The U.S. inflation rate meeting forecasts and the deflationary trends…