Silver Suffers Despite Fed Rate Pause

The Silver price (XAG/USD) has dropped despite the Federal Reserve's decision to pause interest rate hikes, trading around $57.90 per troy ounce.

The Fed opted to leave rates steady in the 3.5%, 3.75% range, providing underlying support to Silver as elevated borrowing costs typically dampen demand for non-yielding assets.

Internal disagreement was evident within the Federal Open Market Committee, with three presidents dissenting and advocating for a 25-basis-point rate increase.