Markets

Silver Slides to $63.14 Ahead of Fed Decision

By Markets Desk · 2026-09-15 · 1 min read

A stack of silver bars resting on a wooden table — Illustration: Tradingbird

Silver prices fall to $63.14 as the Federal Reserve prepares to raise interest rates.

Silver prices dropped to $63.14 during the European session. The metal faces downward pressure ahead of the Federal Reserve's policy announcement. The Fed is expected to raise rates by 25 basis points. This will be the first rate change this year.

Higher interest rates reduce the appeal of non-yielding assets like silver. The 10-year US Treasury yield hit a multi-year high of 5.03%. Market data from GN auto markets/commodities: silver prices confirms the bearish sentiment. Investors are watching the Fed's commentary on inflation closely.

Fed Hike Expectations Drive Yields

The CME FedWatch tool shows a 92% probability of a rate hike. The target range is 3.75% to 4.00%. This move follows five meetings where rates remained unchanged. The increase aims to address persistent inflation risks.

Economists Predict Single Rate Move

ING economists forecast a single 25 basis point hike in September. They believe this is sufficient to stabilize the economy. Other market participants price in two or three additional hikes. The divergence highlights uncertainty over the future path.

Technical Levels Define Trading Range

Silver trades below the 20-day moving average at $65.12. This level acts as immediate resistance. The Relative Strength Index stands at 44.4. Support is located near the August low of $62.19. A break below this level could trigger further declines.

Based on reporting by FXStreet, compiled by the Tradingbird desk.