Silver Price Hits Over Six-Month Low Below $60 on Hawkish Fed Bets

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Silver price (XAG/USD) posted a fresh over six-month low of $60.74 during Asian trading on Wednesday. The white metal faces selling pressure as traders appear confident the Federal Reserve will deliver at least two interest rate cuts this year.

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⛏Silver Futures
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Hawkish Fed bets reduce demand for non-yielding assets like silver, pushing price to six-month low.

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