Silver Prices Turned Negative After The Federal Reserve Signalling

Silver trading range for the day is 39851-40713.

Silver prices turned negative after the Federal Reserve signalling it was preparing to stop trimming its balance sheet later this year.

Almost all participants thought that it would be desirable to announce before too long a plan to stop reducing the Fed’s asset holdings later this year, minutes showed.

The Fed has been allowing as much as $50 billion a month of maturing securities to roll off its balance sheet, which peaked at roughly $4.5 trillion in Jan. 2015.

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