New Delhi, Sept. 23 -- Federal Reserve Chair Jerome Powell delivered the interest-rate hike the silver market had spent six weeks dreading, and silver answered back. The 25-basis-point increase on September 16 knocked XAG/USD to $63.50, its lowest close since late August, and then, in four trading sessions, the metal recovered almost all of it. Silver trades at $66.22 per troy ounce on Monday, September 21, 2026, within reach of where it stood before the decision landed.

the Federal Reserve hiked by a unanimous 12-0 vote and the dot plot showed one more potential increase in 2026, but the dollar retreated once traders concluded the tightening cycle is within one move of its end. The dollar index, which spiked above 102 on hike day, has s...