News/Case Summaries

An eight-day rally in silver skids to a halt

By The Associated Press

April 26, 2011

An eight-day rally in silver prices is ending as traders wait for the Federal Reserve to deliver its assessment on how the U.S. economy is doing.

Silver fell 4.5 percent Tuesday.

The Fed is expected to signal Wednesday that it will allow a $600 billion bond-buying program to end in June as planned. In addition, Chairman Ben Bernanke has scheduled a news conference after the meeting ends.

A strong commodities rally began in August after Bernanke hinted the central bank may buy government bonds to help stimulate the economy.

Other commodities were mixed. Oil, wheat and soybeans fell. Corn rose.

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