Silver Holds Below $62.50 as Fed Rate Hike Bets Solidify

Silver (XAG/USD) edged lower on Monday, trading near $62.30 per troy ounce during European hours, after four consecutive days of gains. The decline comes as market participants increasingly price in a Federal Reserve interest rate hike, which boosts the US dollar and weighs on precious metals.

The white metal remains below the $62.50 level, unable to recover despite earlier bullish momentum. No additional catalyst was cited beyond the Fed expectations, leaving the short-term outlook tilted to the downside.