Silver prices pull back slightly to $68.07 per ounce on Tuesday, holding weekly and monthly gains ahead of key inflation data and Fed speech
Silver September futures opened at $68.96 per ounce on Tuesday, up 0.5% from Monday's close, before falling slightly to $68.07 as of 8:08 a.m. ET. Despite the slight pullback, silver maintains weekly and monthly gains of 5.7% and 17.6% respectively. Investors are anticipating Wednesday's Personal Consumption Expenditures (PCE) Price Index report and Fed Chair Kevin Warsh's speech on Friday at Jackson Hole, with inflation concerns and potential Fed rate hikes remaining a key focus for the precious metal.
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