Silver Shrugs Off 'Hawkish Cut' Fears; Goldman Traders Note 'It's Different This Time'

Surrounding the 2024 hawkish cut, Silver traded poorly; futures participants and ETF holders liquidated. 

As Goldman Sachs trader Robert Quinn notes, US 10-year real rates and the Dollar strengthened in the 2 weeks straddling the December 2024 FOMC, Silver plunged -7%.

Per Commitment of Traders, Managed Money sold -$1.6bn, due mostly to gross long unwinds.