Silver price (XAG/USD) finds temporary support near $29.25 on Thursday after a significant drop of almost 4% the previous day. The outlook for silver remains bearish as the Federal Reserve (Fed) indicated fewer interest rate cuts anticipated for 2025. Following a 25-basis point cut, rates now stand at 4.25%-4.50%. Market participants remain skeptical about silver’s recovery as the impact of US economic indicators continues to show a tightening monetary policy. Short-term traders eye $29.20 as a critical support level, while others anticipate volatility ahead in light of forthcoming economic reports. Investors should remain cautious and watch for any shifts in the Fed’s stance that might influence silver prices moving forward.