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Silver breaches $26 before closing lower
Silver prices fell on Tuesday, to pare the early gains after breaching the $26/ounce barrier for the first time since April 2013.
The Federal Reserve will reveal its interest rate decision on Wednesday, which is widely expected to keep the interest rate unchanged, and the meeting will be followed by a press conference from Fed chair Jerome Powell.
The dollar index held against a basket of currencies at 93.7 points as of 20:29 GMT, after it hit a high of 94.01 and a low of 93.4.
Silver September futures fell 0.8% or 20 cents. to close at $24.30 an ounce, after hitting the highest level since April 2013 and today's high at $26.275 and the low of $22.46.
US crude inventories fall nearly 8 million barrels - API
The American Petroleum Institute (API) revealed today in preliminary data that the US crude inventories fell by about 6.8 million barrels during the past week, beating expectations of a drop by 1.2 million barrels.
MoreDow Jones closes lower ahead of Fed rate decision
US stocks fell on Tuesday, weighed down by the energy sector as oil prices fell, amid anticipation for the Federal Reserve's interest rate decision on Wednesday.
MoreOil keeps losses ahead of US inventories data
Oil prices fell on Tuesday, as the dollar held against most currencies, ahead of the US crude inventories data.
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