Silver (XAG/USD) prices fell after hitting a five-month high of $34.23 on Tuesday (3/19), trading around $33.70 per troy ounce during European trading hours on Wednesday. The decline came as silver investors took a breather ahead of the Federal Reserve's (Fed) interest rate decision later in the day.

Traders will likely be watching the Fed's latest economic projections for insight into the future trajectory of US interest rates. Higher interest rates tend to weigh on demand for non-yielding assets such as Silver, limiting its upside potential.

Source: Newsmaker.id