This cautious approach reflects the market’s anticipation of U.S. personal consumption expenditure data, a key inflation measure that could indicate the Federal Reserve’s future interest rate moves. Despite this, current market behavior suggests that traders are engaging in profit-taking and position adjustments after silver’s recent rally, a common strategy ahead of major economic reports and month-end closures. Impact of Economic Indicators on Market Sentiment Spot silver reached its highest level since late August on Wednesday, poised for its second consecutive monthly gain.