Silver Futures Jump to $24.40 an Ounce

Silver prices increased today, with futures for December delivery rising $0.92, to $24.40 an ounce on the COMEX in New York, Bloomberg reported. That price is near the metal’s highest level since August 15.

Like last week, concerns over US military action in Syria weighed on the market today. Silver and gold prices jumped after Israel tested its missile defense system this morning, boosting fears that tension is rising in the Middle East.

Silver prices were also pushed up by news of rising India imports of the metal, the Financial Times reported. Positive economic data from China is also expected to help boost silver prices.