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macroJun 16, 2026, 5:24 AM

Silver edges lower below $70 as bearish bias persists

Silver (XAG/USD) trades near $69.85 in early European hours on Tuesday, pulling back from a weekly high as profit-taking ahead of the Fed decision weighs on prices.

XAGUSD

Silver (XAG/USD) dipped below $70.00 during early European trading on Tuesday, changing hands around $69.85. The white metal retreated from a weekly high as some traders booked profits ahead of the US Federal Reserve's upcoming interest rate decision.

The bearish bias remains intact, with prices struggling under the 100-day simple moving average (SMA). The move lower suggests cautious positioning in the market as traders await clarity on the direction of US monetary policy.

Source: FXStreet Forex News