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Silver prices today, Tuesday, September 15, 2026: Silver prices drop below $64 as Fed-decision day approaches

Market context: SI=F: The article directly reports silver spot prices dropping below $64 ahead of the Fed decision. Bearish in the short term due to the price drop, but volatility expected around the FOMC outcome. GLD: Silver often moves in tandem with gold; Fed-decision volatility affects precious metals broadly. Neutral to bearish as a stronger dollar/hawkish Fed could pressure gold and silver alike. SPY: Fed-decision day drives broad market repricing; traders reposition around the FOMC outcome. Neutral — direct impact is on rates/dollar, but equity volatility rises into the decision. DXY: Fed-decision expectations are the primary driver of dollar strength/weakness heading into the meeting. Neutral — direction depends on the actual FOMC outcome vs. pricing.

Why it matters

SI=F (Silver Futures) · Why linked: The article directly reports silver spot prices dropping below $64 ahead of the Fed decision. Market context: Bearish in the short term due to the price drop, but volatility expected around the FOMC outcome.

GLD (SPDR Gold Shares) · Why linked: Silver often moves in tandem with gold; Fed-decision volatility affects precious metals broadly. Market context: Neutral to bearish as a stronger dollar/hawkish Fed could pressure gold and silver alike.

SPY (SPDR S&P 500 ETF) · Why linked: Fed-decision day drives broad market repricing; traders reposition around the FOMC outcome. Market context: Neutral — direct impact is on rates/dollar, but equity volatility rises into the decision.

DXY (US Dollar Index) · Why linked: Fed-decision expectations are the primary driver of dollar strength/weakness heading into the meeting. Market context: Neutral — direction depends on the actual FOMC outcome vs. pricing.

How SPY usually react

This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.

AssetEventsAvg max moveClosed lower
SPY10+0.67%70%

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