# Silver declines as Fed keeps interest rates steady, yields and USD strengthen

> Silver fell more than 2% to around $71.20 an ounce after the Fed held rates at 3.50%-3.75% in an 8-4 vote. Stronger dollar and rising Treasury yields weighed on the metal.

- Date: 2026-04-29 · published 2026-04-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/19647-silver-declines-as-fed-keeps-interest-rates-steady-yields-and-usd-strengthen
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Silver's decline reflects the dollar and rate-driven pressure on non-yielding metals, which has little direct effect on feed-ingredient supply or demand. The Fed's hawkish tilt supports a firmer dollar that weighs on dollar-priced commodities more broadly.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-11-09 | [Gold edges down as Fed's interest rate view strengthens dollar](https://feedsoft.ai/events/61963-gold-edges-down-as-fed-s-interest-rate-view-strengthens-dollar.md) | +0.2% | +1.0% |
| DXY | 2025-07-30 | [Gold falls over 1% after Fed keeps rates steady, strong US data](https://feedsoft.ai/events/23661-gold-falls-over-1-after-fed-keeps-rates-steady-strong-us-data.md) | -0.0% | -0.4% |
| DXY | 2024-05-30 | [The dollar's strength resumed in the aftermath of rising interest rates as demand for U.S. governmen.. - MK](https://feedsoft.ai/events/30495-the-dollar-s-strength-resumed-in-the-aftermath-of-rising-interest-rates-as.md) | +0.3% | +1.8% |
| DXY | 2023-08-31 | [Fed expected to hold interest rates steady next month](https://feedsoft.ai/events/34478-fed-expected-to-hold-interest-rates-steady-next-month.md) | +1.8% | +2.3% |
| DXY | 2026-09-24 | [Japanese Yen struggles as Fed rate hike bets drive US yields higher](https://feedsoft.ai/events/17708-japanese-yen-struggles-as-fed-rate-hike-bets-drive-us-yields-higher.md) | +0.7% | +1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/silver-declines-as-fed-keeps-rates-steady-yields-and-usd-strengthen-202604291828

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.