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2025-12-18 15:08:31
[Analysts Bullish on Silver to Test $70 Next Year; Fed Officials' Comments Reinforce Rate Cut Expectations] 1. Some market analysts predict that silver prices may test the $70 per ounce level next year. They point out that if the US enters a rate-cutting cycle, it will continue to support overall demand for precious metals. 2. Meanwhile, Federal Reserve Governor Christopher Waller said on Wednesday that he would "absolutely" defend the Fed's independence if any US president attempts to challenge it. Waller is considered one of the leading candidates to succeed Fed Chairman Powell next year. 3. Kelvin Wong, senior market analyst at OANDA, interpreted Waller's remarks as: "Waller's comments signal that the Fed may continue its current rate-cutting cycle, which provides support for both gold and silver prices."
