• Silver prices surge nearly 3%, buoyed by the Federal Reserve's decision to maintain current interest rates.
• US Dollar Index declines, supporting silver's upward momentum as investors digest the Fed's dovish stance.
• Technical indicators suggest potential for further gains, with XAG/USD traders targeting the $26.00 resistance level.
• Downside risks include a retracement towards the $25.00 support, and below.

Silver prices climbed on Wednesday after the US central bank, the Federal Reserve, held rates unchanged, delivering a “dovish” hold. Consequently, US Treasury yields edged down, and the Greenback remained pressured, as shown by the US Dollar Index (DXY), down 0.37% at 103.44. Therefore, XAG/USD trades at $25.61, up close to 3%.