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Silver Prices Edged Lower As The Dollar Remained Stubbornly Strong.

Silver closed lower by -0.28% at 75,287, influenced by the persistent strength of the U.S. dollar and elevated Treasury yields ahead of the Federal Open Market Committee (FOMC) rate decision. The anticipation surrounding the Fed’s stance on interest rates heightened following recent hotter-than-expected consumer and producer price inflation readings, which reduced optimism about the possibility of an early rate cut. Investors are eagerly awaiting updates on economic projections from Fed Chair Jerome Powell and his colleagues, especially given the significant market impact of their statements.


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