Silver is trading near $63.80 an ounce, down from the record highs reached earlier this year as a stronger U.S. dollar, elevated Treasury yields and rising oil prices weigh on precious metals.Crude oil remains above $100 after attacks on Saudi Arabia’s energy infrastructure disrupted the East-West Pipeline, adding to inflation concerns ahead of the Federal Reserve decision.Tensions involving the U.S., Iran and the Strait of Hormuz are also keeping energy markets unsettled, with Houthi activity near the Strait of Bab el-Mandeb adding to supply concerns.Markets expect the Fed to raise rates by 25 basis points on Wednesday, making its guidance just as important as the hike itself. Against this backdrop, one trader who called the silver price  at $24 is accumulating again.