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Silver deepens losses as dollar holds
Silver prices fell on Monday, as the US dollar rose against most of its peers, ahead of the Federal Reserve meeting.
The Fed will convene tomorrow to decide on monetary policy and provide clarity over the future of its decision in light of the recent economic data.
The US Treasury Secretary Janet Yellen warned that failure to raise the debt ceiling may lead to delays in critical payments in October.
The dollar index rose against a basket of major currencies by 0.1% to 93.2 points as of 19:23 GMT, after hitting a high of 93.4 points and a low of 93.1 points.
Silver spot prices fell 0.7% to $22.1 an ounce as of 19:23 GMT, with a day high at $22.5, and a low at $22.02.
Dollar trims gains and steadies
The US dollar rose against most of its peers on Monday, but pared some of its gains ahead of the Federal Reserve meeting.
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The Fed will convene tomorrow to decide on monetary policy and provide clarity over the future of its decision in light of the recent economic data.
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