Silver prices held around $38 per ounce on Wednesday, hovering near two-week lows as investors remained cautious ahead of the Federal Reserve's policy announcement.
The Fed is widely expected to keep interest rates unchanged, though markets are closely watching for signals of a possible rate cut in September. President Donald Trump has continued pressuring the Fed to lower borrowing costs.
Fed Governors Christopher Waller and Michelle Bowman, both seen as potential successors to Fed Chair Jerome Powell. are expected to dissent at this month's meeting.
Meanwhile, trade tensions persisted after US-China talks in Stockholm ended Tuesday without an agreement to extend the current tariff truce. Treasury Secretary Scott Bessent stated that any deal would require Trump's final approval.
Source: Trading Economics
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