Silver Price Plunges to Two-Year Low Amid Fed Uncertainty

Silver's price plummeted to a two-year low on Friday, settling at $57.77 per ounce after shedding 2.51% in value.

The metal's decline marks its second consecutive losing week, with a cumulative slide of 3.10% over the past 30 sessions.

The selling pressure is attributed to a divided Federal Reserve, which kept interest rates steady at 3.50-3.75%, yet three members voted for a 25-basis-point hike due to lingering inflation concerns.

The hawkish faction has reiterated its stance, with futures markets assigning a 65% probability of a September rate increase and another potential move by June 2027.