Silver ends over 1% lower as dollar holds

Silver fell on Tuesday, as the US dollar held steadily against most majors, ahead of the Federal Reserve's decision.

The Federal Reserve meeting will start later today, to discuss monetary policy amid the latest developments regarding the pandemic, and the bank's targets for employment and inflation.

The meeting will continue until Wednesday, followed by the interest rate decision and a press conference by Fed Chair Jerome Powell.

The US retail sales index down by 3% during February, lower than forecasts of a drop by 0.5%.

The dollar index rose against a basket of major currencies by less than 0.1% to 91.8 points as of 19:52 GMT, after hitting a high of 92.03 points and a low of 91.6 points.

Silver May futures fell 1.1% or 29 cents, and closed at $26 an ounce, with a day high of $26.405 and a low of $25.885.