Silver Rises to $17.33 per Ounce

Silver rose 0.3 percent or $0.67 to $17.33 per ounce on Tuesday, after hitting its lowest price since March 2010 on Monday. The market has been turning away from precious metals and toward interest-bearing investments and the U.S. dollar as positive economic data pushed the currency to new highs.

There is also speculation that the U.S. Federal Reserve will raise its rates in mid-2015, Reuters reported, which adds more appeal to equities and currency rather than precious metals, which do not bear interest. As the dollar’s rise paused, however, precious metals had room to grow on Tuesday.