Silver Price Dips Below $57 Amid Fed Caution and Geopolitical Uncertainty

Silver's price slipped below $57 on Wednesday as investors remained cautious ahead of the Federal Reserve's monetary policy announcement.

The US central bank is expected to leave its benchmark interest rate unchanged, but futures markets still indicate a one-in-three chance of a 25 basis-point rate hike.

Fed Chair Kevin Warsh's press conference will be closely watched for clues on the future path of monetary policy. Any indication that policymakers remain concerned about inflation could support the US Dollar and limit the appeal of non-yielding assets like Silver.