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Silver Slides to $63.67 Into a Binary Fed: The Levels That Matter

By David MoralesPublished September 15, 20265 min read
Stacked silver bullion bars under dramatic vault lighting, dark negative space reserved above.
Silver settled at $63.67 Monday, testing key support at $63.51 as markets await Wednesday's Fed decision. — Illustration: MarketIntelLabs

Silver has spent the past five sessions sliding lower, and it enters the Fed decision about 6% off its recent local high. December silver futures settled at $63.67 an ounce on Monday, down from a $67.94 close on September 9, while the gold-to-silver ratio has stretched as gold holds the $4,324 area and silver gives back its September spike. This is a flows-driven pullback, not a breakdown, and the levels say a lot about who is selling.

Key takeaways Silver closed at $63.67 on Monday, down from $67.94 on September 9, a 6% round trip inside six sessions. Support sits at $63.51, the September 14 low; a close below that opens the $61 area. SLV fell 2.2% Monday while silver itself fell only 0.7%,…

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