Silver Drops to $19.20 an Ounce on Rising Dollar

This morning, silver was down 1.3 percent, or $0.25, trading at $19.20 per ounce, according to Reuters. The white metal rebounded slightly after hitting its lowest price since June 11 earlier in the session. While stock market and dollar performance were encouraging, there is also significant risk in terms of Ukraine and the Middle East.

“There is a lot to be concerned about on the political and economic front (but) people tend to get inured to the idea of bad news and it doesn’t affect them anymore,” Ross Norman, CEO of Sharps Pixley, explained to the news outlet.