Previous Close | 3.7100 |
Open | 3.4700 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 534.00 |
Expire Date | 2024-10-31 |
Day's Range | 3.1100 - 4.0500 |
Contract Range | N/A |
Volume | |
Open Interest | 349 |
Silver has outperformed gold this year, but the second-fiddle metal has even more upside potential based on two key factors.
Markets have moved to price in a 50 basis point interest rate cut from the Federal Reserve on Wednesday, leaving little surprise if the central bank opts for the larger cut.
Recent market history shows the Federal Reserve typically only starts interest cuts with 50 basis point reductions when the economy is significantly weakening.