Driven by strong fundamentals, the price of silver futures for delivery in March next year on the Chicago Futures Exchange rose sharply on the 9th. Market trading once broke through 61 US dollars per ounce, and the spot price of silver also broke through the 60 US dollar per ounce mark, reaching a record high. Affected by factors such as the continued widening gap between global supply and demand, strong industrial consumption, and renewed investor interest, the price of silver has risen rapidly since late August. This year, the price increase has exceeded 100%, far exceeding that of gold. Expectations that the US Federal Reserve will cut interest rates have also boosted the price of silver. The Federal Reserve is scheduled to hold monetary policy meetings and announce interest rate decisions on the 9th and 10th. Market sources said that due to the recent weakness in the US job market data, the Federal Reserve is likely to cut interest rates by 25 basis points this month. Analysts believe that the price of silver will continue to maintain a steady upward trend, but it is likely to fluctuate at a high level in the short term, and the risk of a pullback cannot be ignored.

Driven by strong fundamentals, the price of silver futures for delivery in March next year on the Chicago Futures Exchange rose sharply on the 9th. Market trading once broke through 61 US dollars per ounce, and the spot price of silver also broke through the 60 US dollar per ounce mark, reaching a record high. Affected by factors such as the continued widening gap between global supply and demand, strong industrial consumption, and renewed investor interest, the price of silver has risen rapidly since late August. This year, the price increase has exceeded 100%, far exceeding that of gold. Expectations that the US Federal Reserve will cut interest rates have also boosted the price of silver. The Federal Reserve is scheduled to hold monetary policy meetings and announce interest rate decisions on the 9th and 10th. Market sources said that due to the recent weakness in the US job market data, the Federal Reserve is likely to cut interest rates by 25 basis points this month. Analysts believe that the price of silver will continue to maintain a steady upward trend, but it is likely to fluctuate at a high level in the short term, and the risk of a pullback cannot be ignored.