Silver futures symbol fund managers report increased inflows

Fund managers report increased inflows into commodities ETFs holding silver futures symbol (SI), suggesting stronger broad market confidence in precious metals resilience during equity market uncertainty. Without ever naming SpaceX, Bridenstine said: “The United States does not have a lander” that is now capable of reaching the silver orb’s South Pole. Silver futures (/SIZ5) fell Wednesday morning but traders trimmed earlier losses as the day progressed. Prices are holding above the top end of a range traded through the first week of September before prices broke higher. The selling ahead of the Fed meeting likely reflects some de-risking by traders with the uncertainty of the Fed rate cut path clouding the outlook. Silver’s direction likely relies on how dovish the Fed comes out this afternoon. Ultimately, a lower rate environment should help the metal. Market sentiment for the silver futures symbol (SI) remains constructive, aided by stronger base metals performance. Hedge fund positioning reports indicate net long contracts have increased by 8% week-over-week, pointing to confidence in precious metals amid geopolitical risk.