Precious metals traded steadied on Wednesday, after minutes of the U.S. Federal Reserve’s latest
meeting showed policymakers considered changing their planned path of interest rate hikes in 2016.
Holdings of the largest silver backed exchange-traded-fund (ETF), New York’s iShares Silver Trust SLV, stood at 9671.69 down 38.5 tonnes, from previous business day.
Crude oil prices rose 7 percent on Wednesday after Iran voiced support for a Russia-Saudi-led move to
freeze production to deal with the market glut that had pressured crude prices to their lowest in a
Lead fall on Wednesday, on higher inventory, and lower cancelled warrants. Norsk Hydro, one of the
world’s largest aluminum producers, cut its 2016 forecast for aluminum global demand, including
China, to 3-4 percent from 4-5 percent previously.