21st November 2013
Silver prices have fallen today (November 21st) as investors assess the minutes from the Federal Reserve's latest policy meeting.
Policymakers appear to be preparing to reduce the US central bank's asset purchases, stating that a stimulus reduction will take place in the "coming months" if the country's economy continues to experience growth in line with expectations.
This has led to speculation a taper of the quantitative easing programme could be announced as early as next month, following what will be Ben Bernanke's final policy meeting as Fed chair.
Silver for December delivery dropped to $19.96 per ounce on the Comex division of the New York Mercantile Exchange, down by 0.45 per cent for the European morning session. This follows a decline of 1.36 per cent on Wednesday.
Investors will now turn to the key US data due to be released today, which includes figures relating to producer price inflation and initial claims for employment benefits.
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