Silver Hits $20.09 per Ounce as World Bank Forecasts Growth

Today, silver dropped $0.12, or 0.6 percent, to $20.09 per ounce, according to Reuters. The decline came as the World Bank’s global economic growth forecast rose for the first time in three years.

Positive economic data from the United States also helped push silver down. “U.S. data showing that retail sales have taken off neutralized the bad number of the U.S. jobs report on Friday, giving a boost to the dollar,” Saxo Bank senior manager Ole Hansen told Reuters.