A decrease of more than one percent occurred in the price of silver, which is now very close to the $76 per ounce market. Due to the fact that the United States and China are both celebrating holidays, trading volumes continue to be quite low. It is possible that the low inflation indicators that have been reported in the United States are to blame for the current increase in metal prices, which is getting close to three percent.

Participants in the market are taking into consideration the possibility that the Federal Reserve would reduce interest rates in July, with the anticipation that an adjustment will most likely take place in June. Early in the month of January, the price of silver surpassed $120 for the first time. The price of silver witnessed a decrease of more than one percent on Monday, and it is now reaching $76 per ounce. This is a reversal of the nearly three percent increase that was seen in the previous session, which was driven by lower data about inflation in the United States.

The observance of holidays in both the United States and mainland China in commemoration of the Lunar New Year led to a significant decrease in the amount of trading activity that took place. In the present moment, the financial markets are anticipating that the Federal Reserve will lower interest rates in the month of July, and there is a strong possibility that an adjustment will take place in the month of June.

The impending minutes from the Federal Reserve and the core PCE price index are being eagerly anticipated by investors as they serve as potential indicators of future policy directions. The price of silver had a significant climb to the point where it surpassed $120 per ounce in late January. However, when speculative enthusiasm began to decrease, the price of silver dropped to roughly $64 early this month.