Silver Prices Slide Amid Geopolitical Tensions and Fed Expectations

Silver prices have weakened by 1.45% on Tuesday, falling to around $57.55 per ounce as investors remain cautious ahead of the Federal Reserve's monetary policy decision.

The US Dollar has rebounded, limiting demand for silver, despite an uncertain geopolitical backdrop. The latest developments in the Middle East are being closely watched, with US President Donald Trump stating that the United States is holding 'good talks' with Iran to resolve the regional conflict.

However, Trump also warned that military strikes could resume if negotiations fail, highlighting ongoing tensions in the region. Several security incidents have been reported in Saudi Arabia, Jordan, and Iraq, further contributing to market uncertainty.

Investors are now turning their attention to this week's Federal Reserve meeting, with markets widely expecting policymakers to leave interest rates unchanged. However, a minority of market participants still see a possibility of an immediate rate hike.