The demand for wedding jewelry increases the appeal of silver
The affordability and versatility of silver is making it an increasingly popular choice for wedding jewelry. Silver offers high-quality designs at a fraction of the price of gold and allows couples to create custom pieces without breaking the bank.
Its adaptability pairs well with gemstones and enamels and suits a variety of themes and styles.
The symbolic meaning of silver as a timeless and durable material further enhances its appeal. This growing demand could boost silver prices as the market recognizes its increasing role in modern weddings.
US economic data and Fed policy determine Silver’s path
Strong US economic data, including a services PMI of 57.0 and a composite PMI of 55.3 for November, underscore robust private sector growth, the highest since April 2022.
Falling unemployment claims and a resilient economy have dampened expectations for interest rate cuts from the Federal Reserve. Futures estimate a 50.9% chance of a quarter-point cut, up from 61.9% last week.
While these factors support the dollar, silver remains positioned as a potential beneficiary of market uncertainty. Lingering geopolitical tensions and inflation risks could reignite demand for safe-haven silver, providing a path to recovery.