Silver Nears Record High on Bets of Fed Cut, Supply Tightness

Silver traded near a record high as traders bet on further monetary easing by the Federal Reserve and supply tightness. Gold slipped. Most Read from Bloomberg The white metal whipsawed on Tuesday, slipping as much as 2.4% before rising 1.1% to approach the all-time high of $58.8434 hit the prior day. Silver is heading for its best annual performance since 1979, after having nearly doubled this year. Traders raced to price in a potential dovish policy shift by the US central bank under a new chair backed ...