Silver Lingering Near Last Week’s Low

So far today silver has lost 0.4 percent, or $0.07, and is trading at $18.63 per ounce, according to Reuters. Friday saw the metal at its lowest level since June 2013, and while the precious metal has rallied since, it remains near that low.

Investors are awaiting news from today’s US Federal Reserve policy meeting; most expect that the organization will not raise interest rates sooner than anticipated. Precious metals perform better when interest rates are low as they lose appeal when interest-bearing investments are doing well and have the potential for high returns.