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Though the white metal closed Wednesday at $18.12, Thursday it was flying high once again — as of 12:11 p.m. EST, it was sitting at $18.33.
Wednesday saw the silver price reach a four-month high of $18.30 per ounce after gaining $0.33, or 1.88 percent. Like gold, it was spurred upward by fears about the global economy following the release of the European Central Bank’s stimulus plan. The bank intends to buy assets worth up to 60 billion euros per month through to the end of 2016.
Though the white metal dipped from that point to close Wednesday at $18.12, Thursday it was flying high once again — as of 12:11 p.m. EST, it was sitting at $18.33.
It’s uncertain whether silver will be able to maintain its gain moving forward. For its part, Bloomberg said Thursday that many investors will be watching Sunday’s Greek election and next week’s Federal Open Market Committee meeting for cues.
Silver price action, January 19 to 22, 2015.