Silver prices traded in a volatile $62.30–$68 range during the week of September 21, 2026, pressured by the Federal Reserve’s September 16 rate hike to 3.75–4.00% and subsequent hawkish signals from officials that raised odds of further tightening before year-end. A firmer U.S. dollar and rising Treasury yields increased the opportunity cost for non-yielding assets, while easing oil prices and U.S.-Iran diplomatic overtures reduced safe-haven demand. Industrial demand tied to solar installations provided underlying support amid ongoing market deficits, but near-term sentiment reflected the tension between persistent inflation data and monetary policy expectations, with traders monitoring upcoming economic releases and any shifts in Fed communications for directional cues.