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fxJun 17, 2026, 9:33 AM

Silver Dips as Fed Decision and US-Iran Truce Weigh on Sentiment

Silver (XAG/USD) edged lower on Wednesday, trading near $69.85, down 0.25%, as traders await the Federal Reserve's policy decision and monitor a potential US-Iran truce.

XAGUSD

Silver (XAG/USD) slipped 0.25% to around $69.85 on Wednesday, pressured by cautious positioning ahead of the Federal Reserve's interest rate decision later in the day. The outcome could provide fresh clues on the trajectory of US monetary policy.

In addition, reports of a possible truce between the US and Iran have also influenced the precious metal's outlook. Traders are weighing the implications of reduced geopolitical tensions on safe-haven demand.

Source: FXStreet Forex News