Silver continues to recover from 10-month low

Silver prices rose on Wednesday, to head for the second straight daily gain, within recovery from 10-month low, as concerns eased over the Chinese company Evergrande crises, and ahead of the Federal Reserve's monetary policy decisions.

Silver prices rose 1.9% to $22.89 an ounce, after opening at $22.46, and hit a high of $22.45.

Silver closed higher 1.1% yesterday, the first daily gain, within recovery from a 10-month low of $22.02 an ounce.

Silver prices are rising as concerns about the Chinese economy eased following the People’s Bank of China measures to allay fears over the Evergrande crisis.

The US Federal Reserve's monthly meeting will conclude later today, amid expectations of holding the benchmark interest rate near zero.

The decision will be reveled at 18:00 GMT, and will be followed by a press conference from the Fed Chief Jerome Powell at 18:30 GMT to comment on monetary policy.

The meeting is expected to offer some clues on the pace of cutting down the bonds purchases program before the end of this year.