Silver Falls to $19.93 per Ounce as US Employment Data Looms

So far today silver has dropped $0.35, hitting $19.93 an ounce, Reuters reported. Yesterday, the white metal reached $19.54 an ounce, a low not seen since mid-August.

In New York, silver futures for March delivery are trading up $0.17, at $20.095 an ounce, as per Kitco.

The marketplace is relatively quiet today, and trading activity is expected to dwindle further as the Thanksgiving holiday approaches in the United States. However, more employment data from the US is expected next week, and investors are hoping that information will shed light on the future of the US Federal Reserve’s stimulus program.

Additional economic data due next week includes a retail sales report and new residential construction.