Silver Holds Near $69 Above 200-Day SMA After Fed

Silver (XAG/USD) trades around $69.15 on June 18 after rebounding from the $61.50 low hit on June 11. The metal broke below its 200-day SMA near $67.25 amid hotter US data and firmer yields, then recovered sharply on US-Iran peace progress and short covering that lifted prices above $70 and reclaimed the moving average by June 15. Despite the bounce, silver remains below the 100-day SMA with limited follow-through as the Fed kept rates unchanged and signaled possible later hikes. Key support sits near $61 while resistance begins at $70.50-$72.25.