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Silver prices fell today to $19.91 per ounce, a drop of $0.04, after reaching a one-month high last week.
Silver prices fell today to $19.91 per ounce, a drop of $0.04, after reaching a one-month high last week, Reuters reported.
Prices for the white metal were impacted by fears that the Federal Reserve will ease its stimulus program. The Fed will begin a two-day meeting July 30.
The drop in prices pushed the gold/silver ratio up to nearly 67, the highest level since August 2010, according to Reuters. That means gold is 67 times more expensive than silver.
Silver futures for September delivery rose $0.30, to $20.07 an ounce, on the COMEX in New York.