Silver Prices Gained Shrugging Off A Fed Rate Hike

Silver trading range for the day is 39682-40298. Silver prices gained shrugging off a Fed rate hike and language that suggested at least two more ahead this year.

Fed said in its policy statement that further hikes would only be "gradual," with officials sticking to their outlook for two more rate hikes this year and three more in 2018.
The Labor Department said consumer prices rose 0.2% in February, while the Commerce Department said retail sales climbed 0.1%.

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