Silver price dips below $57 as traders await Fed decision

Silver (XAG/USD) is trading near $56.90, down 0.43% on the day, as markets turn cautious ahead of the Federal Reserve policy announcement. The metal slipped back below the $57 level, reflecting a broader risk-off mood.

Price action was muted, with traders avoiding large directional bets. The Fed meeting is keeping participants on edge, and silver is likely to remain rangebound until the central bank’s outlook is clearer.

A hawkish surprise could push silver lower, while a dovish tilt may offer some support.