The Silver price shot higher on Wednesday following the Federal Reserve´s dovish interest rate decision when the central bank announced its 25 bp rate hike. The decision was mostly expected while the Federal Open Market Committee Statement flagged “some additional policy firming” with the dot plot median pointing to one more hike. Before today´s Federal Reserve event, markets were pricing in a year-end target rate of 4.36%. This has dropped in volatile reactions to the statement to 4.26%. At the time of writing, US 2-year Treasury yields are down to 4.77%, dropping from 4.259% on the day to print a low of 3.958%. ... (full story)