Silver Falls to $21.34 After Jobs Report

Nov. 11, 2013 05:21AM PST

Speculation that the US Federal Reserve may cut back its stimulus program as early as next month has pulled metal prices down today.

Speculation that the US Federal Reserve may cut back its stimulus program as early as next month has pulled metal prices down today. Analysts say the positive data contained in last week’s US October jobs report could cause the Fed to pull back on its monthly bond-buying as soon as December, Reuters reported.

Silver fell $0.13, to $21.34 an ounce, as per Reuters. Earlier in the session, the white metal reached a three and a half-week low of $21.21 an ounce. Meanwhile, silver futures for December delivery were last trading up $0.04, at $21.36 an ounce, Kitco News said.