Spot silver fell on Wednesday, erasing the previous session's gains and hovering above two-week lows, and Fed officials will speak this week that will provide further clues as to the timing of subsequent rate cuts.。

If the economy performs as expected, this could open the door to monetary easing, a Fed representative said yesterday。Still, they point out that the fight against inflation is not over and the Fed can take it slow before cutting rates。

Several other Fed officials will make public appearances this week。

Stronger-than-expected employment and services data prompted market participants to reduce their bets on a May rate cut。According to LSEG's IRPR app, the market currently expects the Fed to cut interest rates four times this year by 25 basis points.。

Spot silver prices down 0 as of 8: 15 GMT on Wednesday.67% to 22 troy ounces.278 USD。Gold prices fell to 22 on Monday..245 dollars, the lowest level since January 23。

Meanwhile, silver futures for March delivery fell 0.56%, to 22 troy ounces.$352。

Dollar index edged down 0 on Wednesday.10%, to 104.034。The dollar index reflects the relative strength of the dollar against six other major currencies.。Earlier this week, the DXY index rose to 104..604, the highest level since November 14, 2023。

City Index senior market analyst Matt Simpson said: "On Tuesday, the dollar as the weakest foreign exchange major currency is understandable, as this is clearly a retracement to the two-day bull market from Friday to Monday.。But we should not lose sight of the fact that the dollar index maintains a bull daily structure if it retracts to 103.50, could set the stage for another round of gains。"