Wall Street Stalls: Silver Hits $61, Fed Cut Incoming?

Jakarta, Gotrade News - Wall Street wrapped up Tuesday’s session with a mixed bag, trending mostly flat. Investors are currently in "wait-and-see" mode, holding off on big moves before the Federal Reserve’s policy decision drops. The Nasdaq Composite managed to inch up 0.1%, while the Dow Jones Industrial Average dipped 0.3%.

Keytakeaways

• Wall Street closed mixed as investors hold their breath for the Fed's interest rate decision.
• Silver prices hit a historic new high above $61 per ounce amidst a quiet stock market.
• UBS predicts a 25 basis point rate cut due to a softening labor market.

All eyes are on the latest economic data for clues on the central bank's next move. According to the U.S. Bureau of Labor Statistics, job openings ticked up to 7.67 million in October. This data point is going to be a key ingredient in the Fed's recipe for upcoming interest rate decisions.

Market expectations for a rate cut remain solid, even with the slightly stronger labor data. Brian Buetel from UBS Wealth Management suggests the Fed is highly likely to deliver a 25 basis point cut. He views this easing as necessary, given the economic uncertainty that’s been hanging over the market in recent months.

Silver Surge and Retail Stock Moves

Commodities are stealing the show right now, outperforming the stock market by a mile. Silver prices skyrocketed over 4%, smashing through the $61 per ounce level for the first time in history. This continues a massive bullish trend that has seen silver prices double since the end of 2024.

However, such a rapid ascent is triggering some alarm bells. Andrew Hecht, an analyst at Seeking Alpha, warns that the higher prices climb, the bigger the risk of a significant correction. This parabolic move demands some extra caution from commodity investors right now.

In the corporate world, retail and healthcare stocks saw some contrasting action. Shares of CVS Health Corporation managed to close up 2.2% yesterday. On the flip side, AutoZone, Inc. took a hit, facing selling pressure that pushed it down 6.8%.

Referensi:

• Seeking Alpha, Wall Street ended mixed in a muted session ahead of the upcoming FOMC decision. Accessed on December 10, 2025
• Featured Image: Shutterstock

Disclaimer:

Gotrade is the trading name of Gotrade Securities Inc., registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.