Silver Holds Above $57.50 Despite Rising Fed Rate Hike Odds

Silver (XAG/USD) edged higher on Tuesday, trading around $57.60 per troy ounce during Asian hours, recovering slightly after suffering over 4% losses in the previous session.

The metal continues to face headwinds from rising expectations of further Federal Reserve rate hikes, which typically weigh on non-yielding assets like silver. However, the price managed to hold above the $57.50 level, indicating some support.