Silver Hits $60 First Time Ahead of Fed Rate Decision

• Silver prices crossed $60 an ounce for the first time, reaching $62, ahead of the US Federal Reserve's interest rate decision.
• India's December silver futures jumped 5.89%, peaking at Rs 1,91,775 per kilogram.
• The price surge is driven by anticipation of a Fed interest rate cut, persistent low supplies, and increased investor demand.
• Record inflows into Silver ETFs, including Ishares adding 324 tonnes, reflect strong investor confidence.
• Markets await the Fed's decision, Governor Powell's comments, and economic forecasts for future bullion direction.

Why It Matters: Record silver prices signal economic shifts and impact investments.