Commodities
Silver Prices Hold Firm Near $65 as Market Awaits FOMC Decision
Silver prices are stuck in a narrow trading range near $65 per ounce as investors wait with bated breath for the Federal Reserve's upcoming FOMC meeting.
The market is bracing itself for signals on future interest rates, inflation, and economic growth, which could either strengthen the US dollar or boost silver's appeal as an inflation hedge.
A hawkish tone from the Fed could put downward pressure on silver, while a dovish stance might support the metal. Silver has been rangebound around $65 in recent sessions due to a balance between physical demand and headwinds from a firm dollar.