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Silver followed gold’s lead on Wednesday, retaining the bulk of its gains from the previous session.
Silver followed gold‘s lead on Wednesday, retaining the bulk of its gains from the previous session, according to iNVEZZ.com.
The precious metal experienced a decline of $0.02, or 0.12 percent, to reach $18.01 an ounce. Despite this slight dip, silver was still trading 8.5 percent above its 50-day moving average of $16.59 per ounce.
Investors around the globe are looking to the conclusion of the latest US Federal Reserve monetary policy meeting. However, experts agree that the Fed is unlikely to make major changes to its current interest rates due to slow worldwide economic growth.