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fxJun 16, 2026, 6:27 PM

Silver Holds Near $70.00 Ahead of Fed Decision

Silver (XAG/USD) trades virtually unchanged on Tuesday around $70.00 after reclaiming its 200-day SMA, with traders waiting for the Fed's monetary policy announcement.

XAGUSD

Silver (XAG/USD) is trading nearly flat on Tuesday near $70.00, having recovered its 200-day Simple Moving Average (SMA). The precious metal is consolidating as market participants hold off on placing large directional bets ahead of the Federal Reserve's upcoming monetary policy statement.

Traders are closely watching the Fed's decision for clues on interest rate trajectory, which could impact non-yielding assets like silver. The 200-day SMA remains a key technical level to watch.

Source: FXStreet Forex News