Silver is trading 3.8% down at $67.39 after a sharp intraday selloff following the Federal Reserve’s June 17 policy decision, which signaled no rate cuts for 2026.
- Higher-for-longer interest rate expectations and a stronger U.S. dollar are putting broad pressure on the precious metals sector.
- The move represents a significant pullback after Silver enjoyed a strong multi-day run-up earlier in June.
- The Fed's updated outlook also suggested the possibility of a future rate hike, further dampening investor sentiment.