The U.S. government shutdown, now in its 20th day, has further complicated market outlooks by delaying key economic data releases. With several federal agencies closed, investors and policymakers are operating in a data vacuum ahead of the Fed’s upcoming policy meeting.
Central Bank Policy and Global Trade Outlook
Beyond domestic policy, attention also remains fixed on trade diplomacy. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet in Malaysia this week, with discussions aimed at improving trade stability. Analysts say the talks could help ease concerns overtariffs and global manufacturing slowdowns, both of which have contributed to investor caution.
Silver Tracks Gold as Industrial Demand Provides Cushion
Silver prices moved lower alongside gold but retained underlying support from industrial demand. The metal’s dual role—as a store of value and a critical industrial component—continues to attract investor interest. Expanding use in solar panels and electrical applications has strengthened long-term demand, offsetting some of the volatility tied to broader risk sentiment.
With both gold and silver consolidating near recent highs, traders are now waiting for new catalysts from U.S. inflation data and central bank policy signals that could define market direction heading into year-end.
Short-Term Forecast
Gold (XAU/USD) is consolidating near $4,327, with resistance at $4,378 and support at $4,266. Silver (XAG/USD) trades around $51.64, facing pressure below $52.32, with support near $50.84.
