Silver (XAG/USD, the dollar price of silver) slipped below $69.00 during early trading on [Date], reaching approximately $68.85 after recently trading above $70.00. Investors turned cautious ahead of the Federal Reserve Chair’s speech, scheduled for [Time] ET, seeking signals on the timing of future interest-rate cuts or hikes and the central bank’s assessment of inflation and economic growth. Resilient Treasury yields and the U.S. dollar, supported by expectations that the Fed may retain a hawkish stance, are weighing on silver because higher rates raise the opportunity cost of holding non-yielding assets. A hawkish speech could strengthen the dollar and pressure silver further, while a dovish surprise could prompt a rebound. Immediate support is at $68.50, followed by the psychological $68.00 level. Resistance stands at $69.50 and $70.00; a break above $70.00 could support further gains, while a sustained move below $68.00 could signal a deeper correction. Silver also remains sensitive to global economic data, industrial demand and geopolitical developments because of its dual role as a precious and industrial metal. Volatility is likely to persist while the Fed’s policy path remains uncertain, and the speech could determine whether silver regains its footing or extends its decline.