Strategist: Factors such as weakened Fed rate cut expectations may reshape silver pricing logic

According to Odaily, J. Safra Sarasin strategist Claudio Wewel pointed out that the continued surge in silver prices is due to the market's diminished expectations for US interest rate cuts and the newly acquired critical mineral status of silver. In November, the US Department of the Interior included silver on its list of critical minerals, increasing the likelihood of the US imposing tariffs on this metal. He noted that this has exacerbated the long-term supply shortage and prompted US importers to accelerate their silver purchases. At the same time, retail investors, finding it difficult to buy gold as gold prices are at historical highs, are turning to silver as a safe-haven asset. (Golden Ten Data)