Silver is trading higher following the Fed's recent rate cut.
Portfolio Pulse from Benzinga Newsdesk
Silver prices are rising in response to the Federal Reserve's recent decision to cut interest rates.
September 24, 2024 | 6:52 pm
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POSITIVE IMPACT
The iShares Silver Trust (SLV) is likely to see a positive impact as silver prices rise following the Federal Reserve's rate cut.
The Federal Reserve's rate cut typically leads to a weaker dollar, which can increase demand for precious metals like silver. As a result, the iShares Silver Trust (SLV), which tracks the price of silver, is likely to benefit from this trend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80