Silver prices recovered from a 2.3% opening dip to trade at $64.57, while oil prices fell significantly below $100 per barrel as supply concerns eased in Saudi Arabia.
Oil prices fell significantly to just under $100 a barrel after reports that Saudi Arabia's key East-West pipeline would soon return to normal flows.
Silver futures opened lower but recovered in early trading as markets showed confidence following the Fed decision, leaving prices broadly steady.
Silver futures rebounded to $64.57 in early Thursday trading after an initial 2.3% decline. Markets are showing resilience following the Federal Reserve's recent interest rate hike, while oil prices retreated to under $100 per barrel amid news of restored flows through Saudi Arabia's East-West pipeline.
Oil prices declined significantly due to reports that Saudi Arabia's key East-West pipeline is expected to return to normal operations following recent damage.
Silver prices remained relatively stable following the Fed's decision, recovering from an early 2.3% dip to trade higher as market confidence improved.