Silver dropped as market players looked ahead to the outcome of the Federal Reserve's policy meeting for insight on the timing of the next U.S. rate hike.
The Federal Reserve voted not to raise its key interest rate, and said it expected to begin normalising its $4.5 trillion balance sheet "relatively soon."
The Commerce Department said new home sales rose 0.8 percent to a seasonally adjusted annual rate of 610,000 units last month.
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