The move by the US central bank to continue its $US85 billion ($91 billion) monthly buying pace due to worries about rising borrowing costs surprised financial markets that were broadly braced for a reduction in the central bank's monetary stimulus.
Silver rallied around 7 per cent, its biggest one-day gain since November 2008.
Citing strains in the economy from tight fiscal policy and higher mortgage rates, the Fed decided against the tapering of asset purchases that investors had all but priced into asset markets across the board.
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