Silver Rises Over 120% YTD 
Published: 07-21-2025, 08:18 am
Silver extended its rally Monday, nearing $38.50 per ounce, as the U.S. dollar and bond yields declined. The move reflects growing expectations that the Federal Reserve may begin cutting interest rates as soon as July.
Fed Governor Christopher Waller pointed to a softening labor market and minimal inflation pressures, signaling room for monetary easing. He also dismissed concerns that tariffs would fuel long-term inflation.
Meanwhile, in China, the government’s new industrial action plan—aimed at modernizing sectors like machinery, autos, and electrical equipment—is expected to further lift demand for metals like silver. The initiative spans 10 major industries, supporting broader momentum for silver.
