Silver prices advanced 2.42 percent on Wednesday, September 16, 2026, ahead of the Federal Reserve decision. Traders expected the Fed move. Silver advanced while gold held lower. The gain showed up in several 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 due later that day. Investors geared up for a possible rate cut or pause. Gold remained weak under the same expectations. Business Today put out silver rates for Tamil Nadu for 1 kilogram and other quantities. That update matched local market conditions. The global focus remained on the Fed.