Commodities
Silver Price Plunges After Fed Hike
The silver price on September 16, 2026, closed at $63.59 per troy ounce after a volatile session.
The Federal Reserve had raised its policy rate by 25 basis points to 3.75-4.00%, the highest target since 2008, as expected.
Chair Kevin Warsh described inflation progress as 'incomplete,' and the upcoming September 18 CPI data would be a governing variable for future hikes.
The market had priced in the rate hike but not the sell-off that followed, with silver initially reaching $65.00 before reversing to close at $63.59.