Silver Rises to $19.04 an Ounce After Jobs Report

Yesterday, silver sunk to $18.94, its lowest price since July. However, today it recovered, trading up at $19.04 per ounce this morning, Reuters reported.

Early in the session, silver futures for March delivery hit $18.89 per ounce after the ADP jobs report showed that more jobs were added in November than expected. Later, futures increased to $19.18, Bloomberg said.

The recovering economy could push the US Federal Reserve to begin tapering its stimulus program sooner rather than later.