Silver Holding Steady at $17.19 per Ounce

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.”