Silver prices fell on Friday, despite the US dollar's drop against most major currencies, amid the lingering concerns over Evergrande crisis.
The US Federal Reserve has kept the interest rate between zero and 0.25% unchanged, but projected to raise it 3 times in 2023 and 3 more times in 2024, to reach 1.8% by the end of 2024.
The Fed Chairman stated that he expected the Fed to start reducing the bond-buying program in November.
The dollar index fell against a basket of currencies by 0.2% to 93.2 points as of 19:42 GMT, after it hit a high of 93.4 points and a low of 93.05 points.
As of 19:42 GMT, silver spot prices fell 1.4% to $22.3 an ounce, with a high at $22.7 and a low at $22.09.