Silver prices moved up 2.42 percent on Wednesday, September 16, 2026, ahead of the Federal Reserve decision. Traders expected the Fed move. Silver advanced while gold stayed under pressure. The gain surfaced in multiple market reports, including USA Today and Yahoo Finance. Regional price updates also were reported from India, but the main driver remained expectations around the Fed.

The Federal Reserve's decision was scheduled later that day. Investors geared up for a possible rate cut or pause. Gold remained weak under the same expectations. Business Today released silver rates for Tamil Nadu for 1 kilogram and other quantities. That update reflected local market conditions. The global focus stayed on the Fed.