# Silver sheds two percent on December rate hike prospects

> Silver futures fell nearly 2% on September 21 to about $17.03 an ounce, the lowest since August 25, after the Fed held rates and announced balance-sheet normalization from October. The dollar index slipped 0.29% to 92.24 in the same session.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68883-silver-sheds-two-percent-on-december-rate-hike-prospects
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Silver's drop reflects rate-hike expectations and a firm Fed stance; the move is a routine price description with limited direct effect on feed commodities.

## Sources

- economies.com: https://www.economies.com/commodities/silver-news/silver-sheds-two-percent-on-december-rate-hike-prospects-20701

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