Silver Futures Sink to $20.58 After Rising Last Week

Silver futures for December delivery sank $0.14 today, falling to $20.58 an ounce in New York, Bloomberg reported.

The decline follows a rise in silver prices late last week after US Federal Reserve chair nominee Janet Yellen hinted that the Fed will not taper quantitative easing until more improvement in the economy is seen.

Federal Open Market Committee meeting minutes are due out on Wednesday, Kitco News said.