Silver prices are poised for further gains, nearing a historical high. Analysts suggest a 10-15% allocation to precious metals, with silver outperforming gold. Demand from industries and investors is tightening supply. Investors are advised to buy on dips, with potential price targets of $75-80 per ounce. Retail investors should manage exposure due to volatility.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation