Silver has slipped for the third consecutive session, with traders closely watching the 50-day moving average at $29.58 as a potential support level. The upcoming release of U.S. consumer and producer inflation data, along with the Federal Reserve’s meeting minutes, is expected to influence silver’s short-term price trend. The minutes could reveal insights into the Fed’s contentious decision to implement a significant rate cut and may sway investor expectations for future monetary policy. The precious metal market, including silver and gold, is poised to react to the Fed’s tone, with a dovish outlook potentially boosting buying interest in response to easing inflation pressures. Maintaining above the key support level will be crucial for silver’s immediate outlook, while a breach could lead to further downside movement. Traders are advised to stay cautious amid potential volatility driven by upcoming economic data and policy signals from the Fed.