Silver Prices Fall on No Action from Federal Reserve

Bloomberg reported that silver prices fell sharply after the Federal Reserve did not announce more plans to stimulate the economy.

As quoted in the market news:

Silver futures for May delivery slumped 6.9 percent to $34.642 an ounce, the largest decline since Dec. 14. Earlier, the metal reached $37.58, the highest price since Sept. 22.

Click here to read the full Bloomberg report.