Today, silver futures for March delivery fell $0.13, to $19.15 an ounce, Bloomberg reported. Earlier in the session, they fell to $18.98, their lowest level since July 9.
Yesterday, information from the US Department of Labor showed that in November, manufacturing activity grew at its fastest pace in more than two years, as per Bloomberg. Investors are concerned that positive economic data will push the Federal Reserve to begin tapering its stimulus program.
More economic data is due out this week, including a US jobs report on Friday, Kitco News said.
|Silver Investing News Free Exclusive Report: When Will Silver Go Up: Is the Highest Price of Silver Still to Come? Here’s a look at all the major catalysts that are expected to affect the silver price brought to you by Investing News - Bringing you unbiased news, education and helping investors realize their financial goals|