Spot silver hits new highs but analyst flags consolidation risk

Spot silver climbed to a record $62.9 an ounce after the Fed 25-bp rate cut, with prices holding near $62.4 and March 2026 futures rising 2.5%. A Goldman Sachs analyst warned that uncertainty over US tariffs could trigger sharp volatility and potential consolidation. The dollar index also slipped to 98.32, its lowest level since mid-October.