The Federal Reserve's announcement yesterday left most pundits scratching their heads. While the Fed left interest rates unchanged (as we expected), the discussion was apparently more gloomy than anticipated. "Equity markets are wondering what the Fed is seeing they are missing," NatAlliance Securities' Andrew Brenner commented.
The uncertainty dropped the US Dollar in forex markets, which of course boosted both gold and silver. Silver got a slightly better boost, possibly owing to lots of recent optimism for medium-term silver prices.