New Delhi, Aug. 27 -- NEW DELHI - Silver absorbed a mixed inflation reading on Wednesday with something close to equanimity, holding near $68.35 per troy ounce after headline PCE came in a tenth of a point above forecast and kept the metal pinned below $70, a level it had briefly threatened earlier in the session before the data arrived and complicated the rate-cut calculus.

a brief push through $69 on the benign core figure, then a fade as the hotter headline reminded traders that the rate environment remains restrictive. Al Jazeera reported the US inflation picture as "sticky," with the headline figure exceeding the Fed's 2% target by a significant margin.

Federal Reserve Chair Kevin Warsh had spoken at the Jackson Hole symposium on T...