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.

Get the Latest Silver Investing Stock Information

Get the latest information about companies associated with Silver Investing delivered directly to your inbox.

Silver $0-15m
Silver $15-50m
Silver $250m+
Silver $50-250m

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Silver-eBook-Cover-smallSilver 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

Leave a Reply