Last Updated on September 15, 2026 by Deon
Silver prices went down on Tuesday because of pressure on precious metals that affected XAG/USD. According to FXStreet information silver was being sold for $62.82 per troy ounce. That is a drop of 0.68% from the price on Monday, which was $63.25. This fall means that silver has gone down 11.62% since the beginning of 2026.
The newest drop is happening as traders are being careful before the Federal Reserves decision meeting. A stronger US Dollar, higher Treasury rates and thoughts about US interest rates are making it hard for metals that do not give income.
Silver Prices Stay Under Pressure
Silver went below the $63.00 level showing how hard it is for buyers in the market.
Silver has had some interest this year because it is both a metal and an industrial metal. However how the price moves in the term is still at risk as investors think again about what will happen with US money policies.
A stronger US Dollar makes silver harder to sell because the metal is priced in dollars. When the US Dollar goes up silver can become more expensive for people in countries, which may lower the demand.
The latest drop is a sign of stress across all precious metals, not just one reason that affects silver.
Fed Expectations Help Shape Market Mood
US money policies are one of the reasons for what happens to silver Markets are keeping an eye on the Federal Reserve as officials get ready for their next meeting. Expectations for interest rates can cause problems for silver because the metal does not pay interest.
Higher rates on US government bonds can also make investments that give income more attractive than metals.
So if there is any sign that the Fed might stay strict for a time silver could keep falling.
On the hand if there are signs that officials are less worried about inflation the US Dollar and bond rates might go down. That could help XAG/USD.
US Dollar Power is Pressuring XAG/USD
The US Dollar is very important for people who trade silver.
Market conditions have made the US Dollar stronger as investors react to US bond rates and changes in what they think the Federal Reserve will do. This has made it harder for silver.
If the US Dollar stays strong it could be hard for XAG/USD to get better.. If the dollar weakens it could bring buyers back to the market for precious metals.
Traders should watch the Dollar Index and bond rates when they look at what might happen with silver.
Industrial Needs are Still Important
Unlike gold silver has a part of its demand that comes from industry. The metal is used a lot in electronics, solar power, electrical equipment and other industrial uses because it conducts electricity well. Changes in how much’s made around the world can have a big effect on the price of silver.
Stronger needs from industry can help silver even when people are not buying much for investment.. If people are worried about the economy it can do the opposite.
The health of economies like the United States, China and India is important for what happens to silver in the middle term.
Gold-Silver Ratio Gives Another Clue
The Gold to Silver ratio was 67.86 on Tuesday compared to 67.97 on Monday. This ratio shows how many ounces of silver are needed to be worth the same as one ounce of gold.
Traders and investors sometimes use this ratio to see how the two metals are doing compared to each other.
A higher ratio can mean that silver is not doing well as gold while a lower ratio can mean silver is doing better.. This ratio should be looked at with other things in the market not just by itself.
Silver Technical View
From a point of view the $63.00 level is very important after silver went below it. If sellers keep control the price could go lower as people look at whether the recent fall has more to go. A move back above $63.00 could make the short-term view better. Encourage buyers to aim higher.
The next move will likely depend on how the price moves how the US Dollar is doing, how high the bond rates are and what the Federal Reserve is thinking.
Traders should also be ready for changes when big US economic news comes out and after the Fed gives its decision.
Important Things to Watch
Federal Reserve Policy
The Feds decision about interest rates and what they say about the future can have an effect on silver through changes in bond rates and the US Dollar.
US Dollar
If the US Dollar stays strong XAG/USD could keep going down. If the US Dollar gets weaker it could help the price of silver go up.
Treasury Rates
Higher rates usually make it harder for metals that do not pay interest.
Industrial Demand
Changes in how much’s made, in electronics and in solar energy can affect the future of silver.
Gold Prices
Silver often follows the direction of gold. If gold is doing better it could help XAG/USD.
Main Points
Silver was at $62.82 on Tuesday.
XAG/USD dropped 0.68% from Mondays level of $63.25.
Silver has gone down 11.62% since the start of 2026.
A stronger US Dollar is causing pressure.
Expectations about Fed rates are a reason for the prices of precious metals.
Industrial demand is important for how silver does in the term.
The Gold to Silver ratio was at 67.86.
Summary
Silver is still under pressure as traders think about what will happen with US interest rates and how the US Dollar is doing. FXStreet data said XAG/USD was at $62.82 on Tuesday adding to the drop.
The meeting, from the Federal Reserve is likely to be the thing that affects precious metals for a while. If the Fed acts in a way the US Dollar could get stronger and keep silver down. If the Fed acts gently it could help silver come back.
For traders the $63.00 level is still very important. What happens with the US Dollar, bond rates and what the Fed says will probably decide if silver can stop falling or if it will keep going down.
