Silver futures experienced a notable rally as March Silver futures rose over 6% during a third consecutive positive session. The metal found technical support at its 50-day moving average, buoyed by fundamental data from the Silver Institute indicating a projected sixth straight annual supply deficit for 2026. While industrial demand remains a primary driver, particularly in solar manufacturing, macroeconomic factors also influenced the session. A softer than expected January CPI print of 2.4% shifted focus toward the timing of potential rate cuts. Participants utilized the CME FedWatch tool to gauge the likelihood of a policy move in July, noting that the trajectory of real yields remains a key factor for non-yielding metals like Silver futures.