Silver on Track for Largest Daily Loss Since December

Silver fell 2.1 percent, or $0.42, to $19.84 an ounce today, according to Reuters. It is on course to achieve its largest daily loss since December 30, the news outlet notes.

The white metal’s poor performance comes as equities and the dollar perform more strongly. Much like gold, silver tends to be appealing in an environment where interest-bearing assets are doing poorly rather than well.

Moving forward, investors will be keeping an eye on the US Federal Reserve’s meeting next week. The central bank may taper its bond-buying program at that time, as per Reuters.