Silver Price Today Falls Below $67 as Fed Hold Meets Supply Crunch Warnings
Silver fell to $66.93 an ounce in New York Thursday morning, down $10.84 from the previous day, as rising oil prices and inflation fears drove investors out of precious metals. Gold, platinum, and palladium also dropped sharply. The Federal Reserve kept rates steady Wednesday, with Chair Jerome Powell warning of uncertainty tied to the Iran conflict and energy markets. The Silver Institute still projects a sixth straight annual supply deficit.