Silver Prices Moved Moderately Higher In The Wake Of A Somewhat Dovish FOMC

Silver on MCX settled up 1.33% at 39504 rallied in the line of expectation tracking firmness from Comex Silver prices which rose 1.57% to settled at $16.38 a troy ounce trade away from December 18, 2017 lows, even as the dollar index scaled December 28 highs, following earlier data from the US, while the Federal Reserve's policy meeting draws to an end. 

Silver prices moved moderately higher in the wake of a somewhat dovish FOMC statement from the Federal Reserve. 

The Fed officials signaled they are not worried about inflationary price pressures becoming problematic. Such suggests the U.S. central bank won’t become too aggressive on raising interest rates.

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