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Silver was steady at $19.85 per ounce this morning as investors wait to see what impact the US Federal Reserve’s upcoming meeting will have on its bond-buying program.
Silver was steady at $19.85 per ounce this morning as investors wait to see what impact the US Federal Reserve’s upcoming meeting will have on its bond-buying program. In the past, a decrease in bond purchases has led to a rising dollar and falling precious metals prices.
“The consensus is that there’ll be a further round of $10 billion-a-month tapering,” Jonathan Butler, a Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) analyst, told Reuters.