Silver falls over 50% from all-time highs
Silver prices have dropped significantly, more than 50% from their all-time highs, due to the recent hawkish Fed decision.
The Fed’s decision to project a rate hike this year has increased rate hike bets, with 37 bps of tightening priced in by year-end.
The market is now guided by economic data and financial markets, with a 34% chance of a hike in July and 68% probability of a move in September.