Silver Futures Sink to Lowest Level Since August, Then Recover

Nov. 19, 2013 04:30AM PST

Today, silver futures for December delivery hit $20.20 an ounce in New York, a low not seen since August 9. They later rose slightly, to $20.35 an ounce.

Today, silver futures for December delivery hit $20.20 an ounce in New York, a low not seen since August 9. They later rose slightly, to $20.35 an ounce, Bloomberg reported.

The future of the US Federal Reserve’s stimulus program continues to impact metal prices. Yesterday, William Dudley, president of the New York Fed, said he doesn’t expect any change in the monthly bond-buying program despite the fact that the economy shows no sign of improvement, the news outlet said.

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