Silver Dropped As Optimism Around Fed Rate Reductions Faded.
Silver concluded the session lower by -0.09% at 70774 as optimism around potential Fed rate reductions faded.
This shift in sentiment followed statements from Federal Reserve Chairman Jerome Powell and other policymakers, emphasizing that the path of monetary easing would be gradual and unlikely to commence in March. The revised government data showed that U.S.
monthly consumer prices rose less than initially estimated in December, with the consumer price index increasing by 0.2% instead of the reported 0.3%