June gold futures were last down $14.40 at $1,764.70 and July Comex silver was last down $0.52 at $25.93 an ounce.
The data point of the week is the conclusion of the Federal Reserve’s Open Market Committee meeting that began Tuesday morning and ends Wednesday afternoon with a statement and press conference from Fed Chair Powell.
However, they need to show fresh power soon to keep alive a price uptrend in place on the daily bar chart.
Silver bulls’ next upside price objective is closing July futures prices above solid technical resistance at $27.00 an ounce.