Core Viewpoint - Silver prices are near an all-time high, supported by expectations of an interest rate cut by the Federal Reserve, while gold has also seen a slight increase [1]. Group 1: Market Performance - Silver steadied after a decline of up to 1.4% in Asian trading, remaining just under the record price of $59.3336 per ounce [2]. - Last week marked the best inflow period for silver-backed exchange-traded funds since July, with nearly 590 tons added, indicating strong investor confidence in the rally's continuation [2]. - Silver has more than doubled in value this year, outperforming gold's 60% increase, driven by expectations of a monetary policy easing by the Fed [4]. Group 2: Market Dynamics - The silver market is experiencing the effects of a historic short squeeze, with one-month lease rates around 6%, despite significant metal inflows into major trading hubs [5]. - Tightening inventories in London and China are providing support for silver prices, alongside strong industrial demand and safe-haven flows [7]. - The market is expected to face greater volatility as it reacts to the Fed's policy decision and ongoing supply tightness [6].

Market Trends - US-China tensions and the USG shutdown are fueling safe-haven flows into gold [1] - Prolonged uncertainty could lead to a more violent risk-on rotation, benefiting BTC [1] Asset Performance - Gold reached a new all-time high of 4,381 (currency unspecified) [1] Potential Opportunities - Early to mid-November could present significant opportunities [1]

Swiss growth is pressured by global uncertainty, high US tariffs, and safe-haven flows into the franc, the IMF says https://t.co/rOoV0zd5n9 ...

Geopolitical Context - Geopolitical tensions are escalating in Venezuela, particularly due to U.S. military actions against vessels linked to drug trafficking [1][2] - The U.S. has conducted two strikes on Venezuelan boats, resulting in casualties, with the latest strike killing three individuals [1][2] Bitcoin Market Reaction - Bitcoin's price has shown minimal reaction to the geopolitical news, currently trading at $115,018, reflecting a 0.2% increase over the past day but a 2.7% decrease compared to the previous month [2] - Analysts from Bitunix have advised traders to monitor the situation in Venezuela closely, as further escalation could impact Bitcoin's performance [3] Federal Reserve Interest Rate Decision - There is anticipation surrounding the Federal Open Markets Committee (FOMC) interest rate decision, with a majority of market participants expecting a 25-basis point cut [5] - The sentiment for a larger 50-basis point cut has significantly decreased, dropping from 30% to 7.4% among market participants [5] Market Volatility Indicators - The Chicago Board Options Exchange's CBOE Volatility Index (VIX) has been rising, indicating increased market uncertainty, with a 1.69% increase over the past five days [6] - The Merrill Lynch Option Volatility Estimate (MOVE Index) has also risen by 4.79% since the previous day's close, reflecting heightened volatility in response to geopolitical events [7]