Rising Dollar Pushes Silver Down to $22.40 per Ounce

Silver and gold prices were down this morning prior to the start of the US Federal Open Market Committee’s two-day meeting.

Spot silver fell $0.04, to $22.40 an ounce, Reuters reported, pushed down by the dollar, which rose 0.3 percent today. However, silver futures for December deliveryincreased by $0.06 later in the session, rising to $22.60 an ounce, according to MarketWatch.