Silver surges to $62.50 as US Fed cuts rates by 25 bps -- what investors should note now

Silver prices climbed to an unprecedented peak of $62.50 per ounce in global markets on Thursday, December 11, marking a fresh all-time high as investor expectations of looser US monetary policy weakened the dollar and Treasury yields. The white metal’s rally accelerated following a key interest rate cut by the US Federal Reserve, which has energized demand and tightened supplies. Advertisement

The Multi Commodity Exchange (MCX) in India mirrored this global surge, with futures contracts for silver reaching new record highs. Simultaneously, the COMEX in New York saw March silver futures climb after the Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a target range of 3.50% to 3.75%. This marked the third consecutive rate cut, further signaling a