Silver Falls to $22.59 on Stimulus Concerns

Silver prices fell $0.12, to $22.59 an ounce, today, according to Reuters. Like gold, silver prices have been affected by the news that the Federal Reserve may slow its stimulus program if the US economy improves.

Of all the commodities, silver and gold have dropped the most this year, Bloomberg reported. As a whole, commodities are down about 30 percent overall since July 2008. Silver specifically is down 25 percent this year.

MarketWatch said one of the biggest factors impacting silver prices in the last six months has been the “rotation away from precious metals and into stock of all varieties.”