Silver Falls Slightly as US Enacts Sanctions on Russians

This morning, silver fell 0.2 percent, or $0.04, to trade at $19.58 an ounce, according to Reuters.

Tension seems to be escalating between Russia and Ukraine. Specifically, US President Barack Obama announced new sanctions against individual Russians today, a move that’s intended to stop Russian President Vladimir Putin from spurring rebellion in Eastern Ukraine. Reuters quotes Obama as saying that broader measures against the economy are “in reserve” in case they become necessary.

The situation has kept stocks low and the dollar depressed, both of which lend support to precious metals.