This morning, silver increased by $0.35, hitting $19.45 an ounce, according to Reuters.

Goldseek reported that silver is expected to remain within a “tight trading range” before making a “strong move” either up or down. In terms of what may influence the white metal’s price, the news outlet said that the SPDR Gold Trust (ARCA:GLD) “has the power to influence the direction of both gold and silver in the very short-term.”