Silver futures forum traders are closely watching the COMEX silver contract near $29.85 per ounce, with intraday volatility driven by a stronger-than-expected U.S. manufacturing PMI. Market sentiment leans bullish as commercial hedgers reduce short positions, signaling potential momentum toward $30.50 if the Fed maintains its current rate stance. Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on October 30. Sign up for free newsletters and get more CNBC delivered to your inbox Silver futures forum rumors about potential export restrictions from key producing nations are feeding speculative buying. Historical precedent shows that policy-driven supply disruptions can push futures 5–7% higher in short order.