Silver for December Delivery Hits 14-month Low

iNVEZZ.com reported that this morning silver for December delivery was down at $18.53 per ounce, a 14-month low. Meanwhile, spot silver was sitting at $18.56.

As quoted in the press release:

Yesterday the Fed repeated its pledge that rates would remain ultra-low for a ‘considerable time’ after its quantitative easing bond-buying stimulus programme ends. The Fed announced a further $10 billion reduction in its monthly purchases, leaving the strategy on course to end next month.

The central bank’s new interest rate projections, however, indicated it could raise borrowing costs faster than expected when it starts acting.

The median projection was 1.375 percent for next year’s end, compared to 1.125 percent in June, while the projection for the end of 2016 was moved up to 2.875 percent from 2.50 percent.

Click here to read the full iNVEZZ.com report.