Silver ends slightly higher, settles above $ 24

Silver prices inched up on Wednesday, despite the continued drop in the US dollar following the Federal Reserve's decision.

The US Federal Reserve kept the interest rate unchanged between zero and 0.25% in a widely expected move, and ruled out any rate hikes before the full recovery of the economy from the coronavirus impact through inflation rising near the Fed's target and the rise of employment pace.

The dollar index fell against a basket of currencies by 0.3% to 93.4 points as of 20:00 GMT, after it hit a high of 93.8 and a low of 93.1.

Investors are anticipating important data releases in the US tomorrow, with the GDP reading and the weekly unemployment claims.

Silver September futures rose 0.1% to close at the highest level since April 2013 of $24.321 an ounce, after hitting today's high at $25.12 and the low of $23.435.