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Unlike gold, silver remained relatively steady Wednesday, with investors awaiting further guidance from the US Federal Reserve.
Unlike gold, silver remained relatively steady Wednesday, with investors awaiting further guidance from the US Federal Reserve.
iNVEZZ reported that silver rose less than a cent, hitting $17.19 an ounce. While that is down from the metal’s 50-day simple moving average of $18.06, it doesn’t represent a significant change from recent activity.
“The potential for surprise out of the Fed tonight is probably pretty low,” ANZ analyst Victor Thianpiriya told Reuters. “[Quantitative easing] will end but I don’t think they’ll deviate from what they’ve said previously.”