Silver Futures Climb to $19.73 per Ounce

Silver futures for September delivery on the COMEX in New York received a bump of $0.217 today, hitting $19.73 an ounce.

However, spot silver prices are down, despite reassurance from China that rates will become more reasonable, Reuters reported. The metal fell $0.106, to $19.58 an ounce.

“Bullion showed little reaction to firmer equities and other commodities, including platinum group metals and silver, after the People’s Bank of China tried to once more calm the market on liquidity concerns,” Andrey Kryuchenkov, an analyst at VTB Capital analyst, told the publication.