Silver Drops to $19.92 an Ounce as Fed Meeting Begins

Silver prices fell today, losing $0.02 from the previous session to reach $19.92 an ounce, Reuters reported. Silver futures for March delivery also declined, losing $0.33, or 1.7 percent, to hit $19.77 an ounce, according to MarketWatch.

Investors remain cautious today as the US Federal Reserve begins a two-day meeting. An announcement regarding its stimulus program is expected tomorrow. While some analysts think tapering will begin in March, others believe recent positive US economic demand could push the Fed to begin pulling back on its monthly bond-buying program this month.