Silver (XAG/USD) slipped to about $53.30 in Asian trade, staying near one‑year lows after the Fed left rates unchanged and offered little guidance.

Silver extended its decline for a second straight day, trading around $53.30 per troy ounce during Thursday’s Asian session. The metal is anchored near a one‑year low after the U.S. Federal Reserve decided to keep its policy rate steady at 3.75%‑4.00%, a move that was broadly expected but came with limited forward guidance.

Fed decision leaves policy path unclear

• The Fed cited continued expansion in consumer spending, capital investment and productivity, while noting that inflation remains elevated.
• Chair Kevin Warsh stressed the commitment to 2% price stability and signalled a pause to collect more data.
• Two governors – Lisa Cook and Beth Hammack – dissented, urging an immediate rate hike.

Market focus shifts to upcoming data

• Traders are eyeing the U.S. Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation gauge, for clues on future moves.
• Higher oil prices and persistent inflation concerns keep expectations of elevated rates alive, weighing on non‑yielding assets like silver.

What traders are watching next

• Key support for XAG/USD around $53.00 and resistance near $54.00.
• The release of the PCE index later this week.
• Any further diplomatic developments in the Middle East that could affect oil prices and risk sentiment.

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This article is compiled from international market news for information only. It is not investment advice.