Silver Drops to $22.93 an Ounce

Anxiety over the Federal Reserve’s policy meeting minutes pushed silver prices down as well as gold August 21. According to MarketWatch, silver futures for September delivery fell $0.15 to $22.93 an ounce. This was compounded onto a decline of $0.095 the day prior.

The Fed “did nothing at its last policy meeting three weeks ago, but notes taken at that meeting … might point to what the Fed does next,” Adrian Ash, head of research at BullionVault, told MarketWatch. “Plainly, the idea of ‘tapering’ has dented gold and silver prices badly.”