Silver Holds Near Five-Week Low Ahead of Fed Decision

2026-09-15 14:47 By Joana Ferreira 1 min. read

Silver traded near $63 an ounce on Tuesday, hovering close to the five-week low touched on Monday, as a stronger US dollar and elevated Treasury yields weighed on the precious metal amid rising crude oil prices and expectations of a Federal Reserve interest rate hike this week.

Oil prices remained well above $100 a barrel after attacks on Saudi Arabia’s energy infrastructure forced the East-West Pipeline offline, heightening concerns over global supply.

Geopolitical risks also intensified amid continued disagreements between the US and Iran over the Strait of Hormuz, alongside an increased Houthi presence near the Strait of Bab el-Mandeb.

Markets are pricing in a 25-basis-point rate hike by the Fed on Wednesday, with investors closely watching policymakers’ guidance for signs of further tightening.

The Bank of Japan is also expected to raise interest rates on Friday, as persistent tensions in the Middle East continue to complicate the global inflation outlook.



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Silver Holds Near Five-Week Low Ahead of Fed Decision
Silver traded near $63 an ounce on Tuesday, hovering close to the five-week low touched on Monday, as a stronger US dollar and elevated Treasury yields weighed on the precious metal amid rising crude oil prices and expectations of a Federal Reserve interest rate hike this week. Oil prices remained well above $100 a barrel after attacks on Saudi Arabia’s energy infrastructure forced the East-West Pipeline offline, heightening concerns over global supply. Geopolitical risks also intensified amid continued disagreements between the US and Iran over the Strait of Hormuz, alongside an increased Houthi presence near the Strait of Bab el-Mandeb. Markets are pricing in a 25-basis-point rate hike by the Fed on Wednesday, with investors closely watching policymakers’ guidance for signs of further tightening. The Bank of Japan is also expected to raise interest rates on Friday, as persistent tensions in the Middle East continue to complicate the global inflation outlook.
2026-09-15
Silver Holds Losses on Rate Hike Bets
Silver traded near $63 an ounce on Tuesday, hovering near five-week lows as elevated oil prices strengthened expectations for a US Federal Reserve interest rate hike this week. Oil prices extended their gains as Saudi Arabia’s East-West pipeline remained shut, while Ukraine disputed President Trump’s claim that it had already reached an agreement with Russia to halt attacks on energy infrastructure. Rising energy prices fueled inflation concerns and increased pressure on the Fed to tighten policy, with markets currently pricing in roughly a 92% chance of a 25-basis-point rate hike on Wednesday. The US 10-year Treasury yield also climbed toward 5% amid inflation and fiscal concerns, adding further pressure on non-yielding metals. Elsewhere, the Bank of Japan is also expected to raise rates on Friday, as elevated energy costs and ongoing tensions in the Middle East continue to complicate the inflation outlook.
2026-09-15
Silver Hits One-Month Low as Fed Hike Bets Support Dollar
Silver fell below $63 an ounce on Monday, touching its lowest level in more than a month, as a stronger US dollar and rising expectations of a Federal Reserve rate hike pressured the precious metal. Markets are pricing in around a 90% chance of a rate hike on Wednesday, after data showed US inflation accelerated in August. Core consumer prices rose at their fastest pace in four months and came in slightly above expectations. Meanwhile, oil prices extended their rally after Saudi Arabia shut a major crude pipeline following drone attacks, disrupting a key route that bypasses the Strait of Hormuz and adding to global supply concerns. The Bank of Japan is also expected to raise rates on Friday, with elevated energy prices and persistent Middle East tensions continuing to complicate the inflation outlook.
2026-09-14