I noticed that silver is moving in a wavering manner around $73.70, and all focus is now on what Federal Reserve officials will say in their upcoming speeches. The latest decision kept interest rates unchanged, but three committee members called for a shift away from easing policies, which could mean that prices will stay high longer than expected.

From a technical perspective, the white metal is struggling below the 20-day exponential moving average at $75.38. The Relative Strength Index at 44.48 indicates ongoing selling pressure but not excessive. If silver can close above this level, we might see a rise toward $80.00, but if it drops further, it could slide toward $70.86 and then $68.28.

The problem is that oil prices are very high ($103), which puts pressure on global inflation expectations. As long as inflation remains a concern, central banks will not ease up, and therefore non-yielding metals like silver will stay under pressure. The market is waiting for clarification from the Fed, and the next move will be decisive.