Fed holds interest rates at 3.75%-4%, silver price remains 24% below September peak

Silver traded at $53.97 on Thursday morning, remaining subdued as investors digested the Federal Reserve’s latest interest rate decision. This level keeps the price about 24% under its September high, with market participants closely watching further economic developments for direction. The Federal Reserve opted to keep its benchmark interest rate steady in the 3.75% to 4% range, though two officials within the committee advocated for a 0.25% increase. The decision marked a steady stance as policymakers assessed ongoing inflation pressures and their impact on growth.

Source: CoinTurk News