Silver rebounded above $58, nearing all time highs after a profit taking rout was swiftly reversed when fresh data reinforced conviction in a near term Fed cut and restored the focus that pushed the metal to records earlier this week. The delayed September PCE and the University of Michigan survey together left the odds of a near term Fed cut intact and eased one year inflation expectations, which made non yielding metals more attractive. Private payroll data and corporate layoff tallies reinforced a slowing hiring trend, raising the probability of policy easing and prompting rapid repricing that supported bullion. Structural factors also underpinned the recovery, with low visible exchange inventories, renewed ETF accumulation and industry estimates of a 2025 supply deficit tightening the market and magnifying short covering, while durable industrial demand from solar and other green technologies sustains the medium term case for higher prices.