Silver Prices Slip as Stronger Dollar and Hawkish Fed Outlook Weigh

Silver prices have been under pressure due to a stronger US Dollar and hawkish US interest rate outlook, leading to persistent selling in the precious metal.

The Federal Reserve's cautious signals around policy tightening have added further downward pressure on Silver, making it less attractive to investors who prefer non-yielding assets.

Silver is currently trading below its key moving averages, with strong bearish momentum and a high probability of further downside.

The asset's price is expected to consolidate within the $61.93 to $64.87 range, with a low probability of an upward breakout and a high risk of breaking beneath the lower boundary of this range.