Silver Pressured by Hawkish Fed Signals

2026-06-17 23:51 By Jam Kaimo Samonte 1 min. read

Silver traded near $68 per ounce on Thursday after falling about 3% in the previous session, as the US Federal Reserve signaled growing support for interest rate hikes this year.

Half of FOMC members indicated that it may be necessary to raise rates this year, consistent with the expectations that core inflation will be higher than expected due to the impact of the war in the Middle East.

Meanwhile, new Fed Chair Kevin Warsh declined to offer guidance on the next policy move but emphasized that inflation has remained above the central bank’s 2% target for several years and reaffirmed the Fed’s commitment to bringing price growth under control.

On the geopolitical front, the US and Iran digitally signed their interim peace agreement, although it remains uncertain whether Iran has already begun steps to fully reopen the Strait of Hormuz.



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