Silver prices are holding just under the significant $30 milestone as traders look ahead to the upcoming Core PCE inflation report, expected to impact the Federal Reserve’s decision on interest rates. Current trading at $29.92, up slightly at +0.04%, reflects optimism in the market driven by potential U.S. rate cuts and geopolitical tensions in the Middle East. Expectations for a rate decrease have solidified following comments from Fed officials, with a high likelihood of a rate cut at the September 18 meeting. Data releases and Fed statements will continue to guide market sentiment, while factors like weak Chinese demand may limit gains in the short term. Despite potential resistance levels, factors such as historical performance during Fed rate-cuts, central bank demand, and silver’s status as a risk hedge, support a cautiously bullish outlook for silver. Keeping an eye on the Core PCE report and remaining vigilant against headwinds will be crucial for investors as silver remains near pivotal levels amid data-driven market conditions.