Silver traded near a record high as traders anticipate further Fed easing and supply tightness. Gold declined. Silver fluctuated, dropping 2.4% before rising 1.1% towards the all-time high of $58.84. Traders expect a dovish policy shift by the Fed, with a potential rate cut in December. Silver’s rally was seen as too fast, with demand driving the surge. Gold-silver ratio hits lowest in over a year. Federal Reserve expected to cut rates, supporting bullion. Silver rose to $58.56, while gold fell to $4,208.68. Platinum dropped, palladium rose.

Read more at Yahoo Finance: Silver Nears Record High on Bets of Fed Cut, Supply Tightness