Silver for March delivery was down 1 percent, or 36 cents, to $33.43 an ounce.
The euro rose to $1.3066 from Tuesday's $1.3006. The dollar rose to 83.19 yen from 82.51 yen.
The U.S. Federal Reserve said it would extend its "Operation Twist" program come January, when its current program ends. It also said it would extend its asset purchasing at the current pace of $85 billion per month in Treasury notes and mortgage-backed securities.