Silver closes over 1% lower

Silver futures closed lower on Wednesday, as the US dollar held against most of its peers.

The US Federal Reserve kept the interest rate unchanged near zero and decided to keep the $120 billion per month asset purchasing program.

The US Goods Trade Balance index showed a deficit of $90.58 billion last month, which is the highest monthly level ever.

The dollar index fell against a basket of currencies by less than 0.1% to 90.8 points as of 19:28 GMT, after it hit a high of 91.1 points and a low of 90.7 points.

Silver May futures fell 1.2% or 32 cents, and closed at $26.09 an ounce, and silver July futures fell 1.3% or 33 cents, and closed at $26.12 an ounce.