Commodities
Silver Enters Consolidation Phase Ahead of Fed Decision
Silver prices have entered a consolidation phase as markets reassess expectations ahead of the Federal Reserve's policy decision on Wednesday.
The market has been positioning itself around the $57 participation zone, and investors are eagerly awaiting clarity on monetary policy from the Fed.
The interaction between macroeconomic expectations and industrial fundamentals will continue to define silver's next directional move as markets progress through one of the year's most significant central bank weeks.
The Renko chart has transitioned into a Compression regime, reflecting lower directional conviction ahead of the FOMC meeting.