Silver closes more than 1% lower

Silver prices fell on Thursday, despite the US dollar's drop, as investors absorbed the Federal Reserve's monetary policy decision.

Today's data showed that the number of initial jobless claims in the United States decreased to 860,000 last week, while building permits were recorded in 147 million permits, and the number of homes that had begun construction recorded 1.42 million units, below expectations of 1.47 million units.

The US Federal Reserve kept the interest unchanged, and signaled that it plans to keep it near zero until the end of 2023.

The dollar index fell against a basket of currencies by 0.3% to 92.9 points as of 19:51 GMT, after it hit a high of 93.5 and a low of 92.9.

Silver December futures fell 1.4% to close at $27.10 an ounce, after hitting today's high at $27.4 and the low at $26.4.