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Silver prices were down today, with September futures falling $0.26, to $19.26 an ounce, in New York after hitting a four-week low overnight.
Silver prices were down today, with September futures falling $0.26, to $19.26 an ounce, after hitting a four-week low overnight, according to Kitco.
Like gold, silver was impacted today by the Federal Reserve’s comments about its stimulus program, as per Kitco. Some officials have hinted that the Fed could start pulling back the program as early as next month.
Charles Evans, president of the Fed Bank of Chicago, said improvements in the labor market indicate that the central bank’s bond-buying program may begin tapering in September, Bloomberg reported.