Silver Pressured Ahead of Fed Verdict
Silver traded near $79 per ounce on Wednesday, holding losses from the previous session as investors awaited the latest US Federal Reserve policy decision while assessing inflation risks from the Iran conflict. The Fed is widely expected to keep interest rates unchanged, with traders focused on guidance from Chair Jerome Powell on how oil market volatility could influence future policy. Rising oil prices have heightened inflation concerns, with markets largely ruling out a near-term Fed rate cut and pricing in only a single reduction this year. Iran intensified attacks on regional energy infrastructure this week, while US allies rejected President Donald Trump’s call to help secure commercial shipping through the Strait of Hormuz. Still, Iran has allowed safe passage for some vessels depending on their affiliations.
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