[SMM Daily Review: Escalating Middle East Tensions Pressure Silver Prices; Spot Market Sees Weak Buying and Selling Ahead of FOMC] SMM, October 26: The substantive escalation of Middle East tensions, surging oil prices, and rising interest rate expectations continued to weigh on precious metals. Silver hit a fresh low for the period, though a technical rebound may emerge after the bearish momentum is released. In the spot market, downstream buyers were wary of further declines while suppliers held prices firm, leading to weaker overall trading. Both buyers and sellers turned to a wait-and-see stance, awaiting signals from the US Fed.
POLARIS EARNINGS CALENDAR