Silver Climbs to $17.08 per Ounce

Jan. 13, 2015 09:27AM PST

On Tuesday, silver rose 3.3 percent to trade at $17.08 per ounce. The metal’s price has risen on the back of the oil price slide.

On Tuesday, silver rose 3.3 percent to trade at $17.08 per ounce, Reuters reported.

The metal’s price has risen on the back of the oil price slide — the fuel recently hit six-year lows and that is causing uncertainty in equities and currencies. Currently, silver and gold are acting as safe havens against risk, but analysts question whether a sustained rise in the dollar may take that role away and drive prices back down.