Silver edges lower dollar rises

Silver prices edged lower on Wednesday, as the US dollar rose against most of its peers amid optimism about the US economy.

The Federal Reserve meeting minutes showed that the US monetary policy that includes near zero interest rates and asset purchases will remain unchanged from previous meetings for some time.

The Federal Reserve decided during that meeting to hold interest rates between zero and 0.25% unchanged, and raised its forecast for US GDP growth by 6.5% in 2021 from 4.2% in December.

The dollar index rose against a basket of currencies by 0.1% to 92.4 points as of 20:44 GMT, after it hit a high of 92.4 points and a low of 92.2 points.

Silver May futures fell less than 0.1%, and closed at $25.25 an ounce, with a high of $25.330 and a low of $24.895.