Silver Price Today: Silver Drops as Dollar Strengthens

Silver dropped 1.1 percent to hit $15.90 an ounce as the dollar strengthened and investors await information from the US Federal Reserve’s two-day policy meeting, which will begin later today, Reuters noted. The Federal Open Market Committee meeting will provide clues as to when the Fed plans to raise rates.

Additionally, investors have an eye on the looming Greek crisis after repeated breakdowns in negotiations. The country has two weeks to repay $1.8 billion to the International Monetary Fund, or provide another solution. Concerns over the situation have caused European equities to fall.