Commodities

Silver ends lower, while gaining back in online trading

2019-03-20 19:51:32 GMT (Economies.com)

Silver prices fell during Wednesday trading and ended the session on a decline, but online trading has seen the elimination of these losses and the rise in the light of the Federal Reserve decision.

 

The US central bank stated it would keep the interest rate unchanged at 2.5% and expect it to be raised once in 2019, compared with a previous forecast of a twofold increase.

 

The central bank cut its growth forecast for the US economy to 2.1% in 2019, compared with previous estimates of a 2.3% growth this year.

 

As a result, by 18:40 GMT, the dollar index fell by 0.6% to 95.7 points, with a high of 96.5 points and a low of 95.7 points.

 

Silver ended Wednesday trading down 0.4% at $15.318 an ounce, but at 18:15 GMT it rose by 0.9% to $15.5 an ounce, with a high of $15.56 and a low of $15.265.

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