Silver Flat at $19.85 an Ounce

Jan. 27, 2014 04:05AM PST

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.