August 22, 2025 - (Gold Market Wire) - Silver prices have jumped some 2% in a matter of minutes after Federal Reserve Chairman Jerome Powell, speaking at Jackson Hole, hinted at a possible rate cut at the next Fed meeting.

Silver has taken the cue and moved sharply higher.

Literally months of sideways action in the PM complex, and one talk of a rate cut breaks us out. Traders will be scrambling to cover the short ATM options and volatility will be soaring.

Technically, the question is if we can break through the channel top - convincingly - for the end of week close. We've got a lot of pent up energy, so we just might.