Silver price (XAG/USD) remains stuck in a tight range around $27.60 in Friday’s American session.
Silver price consolidates around $27.60 as traders reprice Fed rate cut hopes. Sticky US inflation will feed expectations for Fed delaying rate cuts. Investors see the Fed keeping interest rates steady next week. Silver price remains stuck in a tight range around $27.60 in Friday’s American session. Traders reassess expectations for the Fed eral Reserve rate cuts as the United States core Personal Consumption Expenditure Price Index for March remain higher than the consensus.
Meanwhile, investors shift focus to the Fed’s interest rate decision, which will be announced on May 1. The Fed is anticipated to keep interest rates unchanged in the range of 5.25%-5.50%. Though the Fed is expected to maintain the status quo, investors will focus on guidance on interest rates. Silver technical analysis Silver price corrects to near March 2022 high near $27.00 after failing to extend upside above the crucial resistance of $30.00.
XAGUSD Fed Inflation Supportresistance Silver
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