Silver Trades Near $58 as Markets Assess Fed Outlook

Silver prices traded near $58 per ounce on Friday after recent declines, while investors continued assessing the outlook for U.S. interest rates and global market sentiment.

The Federal Reserve kept interest rates unchanged earlier this week, while ongoing geopolitical tensions in the Middle East continued to support demand for precious metals.

Silver remained near recent trading levels, while the gold/silver ratio stood at 70.37.

Separately, JPMorgan expects silver prices to trade in a $60–65 range over the longer term, according to its latest market outlook.

Investors will continue monitoring economic data, central bank communications, and geopolitical developments for further market direction.

Sources: FXStreet, TradingEconomics, Investing.com.