• Silver price may extend its winning streak as recent inflation raises the odds of the Fed’s rate cuts.
• US PCE Price Index increased by 2.6% YoY in May, down from 2.7% in April.
• Silver may limit its upside due to demand uncertainties in China, the largest consumer of grey metal.

Silver price (XAG/USD) remains stable with a positive outlook, it may extend its winning streak for the third consecutive day. The XAG/USD pair trades around $29.10 per troy ounce during early European hours on Monday. The non-yielding asset gains ground as investors assess the Federal Reserve's (Fed) monetary policy outlook amid signs of cooling US inflation.

On Friday, the US Bureau of Economic Analysis reported that US inflation had eased to its lowest annual rate in over three years. The US Personal Consumption Expenditures (PCE) Price Index increased by 2.6% year-over-year in May, down from 2.7% in April, meeting market expectations. Meanwhile, Core PCE inflation also rose by 2.6% year-over-year, down from April’s 2.8% reading, aligning with estimates.