Silver prices moved up 2.42 percent on Wednesday, September 16, 2026, before the Federal Reserve decision. Traders positioned for the Fed move. Silver advanced while gold remained weak. 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 was expectations around the Fed.

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