U.S. President Barack Obama’s televised speech Tuesday night appeared to indefinitely delay any American military action against the regime of Syrian dictator Bashar al-Assad and left gold virtually unchanged in Wednesday trading.

Gold futures for December delivery dipped 20 cents to $1,363.80 per ounce on Wednesday, according to CME Group. Gold traded as high as $1,368.70 and as low as $1,356. Gold bullion closed in London at $1,365, according to BullionVault.

Silver futures for December delivery rose 0.7% to $23.17 per ounce. Wednesday’s high for silver was $23.25, while the low was $22.79.

Gold and silver funds were mostly flat in Wednesday trading.

• The SPDR Gold Shares (GLD) were flat.
• The iShares Gold Trust (IAU) was unchanged.
• The iShares Silver Trust (SLV) climbed 0.7%.

Gold and silver mining ETFs advanced during the day.

• The Market Vectors Gold Miners ETF (GDX) rose 1%.
• The Market Vectors Junior Gold Miners ETF (GDXJ) moved up 0.5%.
• The Global X Silver Miners ETF (SIL) added 0.8%.

Gold mining shares mostly gained on Wednesday.

• Agnico-Eagle Mines (AEM) dipped 0.1%.
• Barrick Gold (ABX) rose 1.1%.
• Eldorado Gold (EGO) was flat.
• Goldcorp (GG) gained 2%.
• Kinross Gold (KGC) added 1.5%.
• Newmont Mining (NEM) increased 0.9%.
• NovaGold Resources (NG) moved up 0.7%.
• Yamana Gold (AUY) climbed 1.2%.

Silver mining shares were mostly higher during the day.

• Coeur d’Alene Mines (CDE) slid 1.7%.
• Hecla Mining (HL) rose 1.9%.
• Pan American Silver (PAAS) added 1%.
• Silver Wheaton (SLW) climbed 2.3%.
• Silver Standard Resources (SSRI) edged up 0.3%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.