Silver Rises to $19.74 an Ounce on Lower Dollar

Against the backdrop of a lower dollar, silver rose $0.28 from the previous session to hit $19.74 per ounce earlier today, Reuters reported. On the COMEX in New York, silver futures for March delivery were up $0.012, to $19.54 an ounce, Kitco News said.

While, as mentioned, the falling dollar helped buoy silver prices today, investors remain cautious after last week’s positive economic data from the United States, which indicates that the Federal Reserve may “move up its timeline” for tapering quantitative easing, as per Kitco.

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