Silver Price Today: COMEX Silver Futures Up Ahead of Greek Referendum

iNVEZZ.com reported that COMEX silver futures for September delivery rose 0.48 percent on Friday to hit $15.637 per ounce. That’s up from prices seen recently, but the contract nevertheless ended June down 7 percent.
As quoted in the market news:

Sunday’s [Greek referendum] will have far-reaching ramifications for Greeks, the Eurozone and the entire EU.
However, despite there being no ideal solution with regard to the Greek issue and its potential impact on the Union, investors were apparently not in a hurry to seek safe havens investments, such as precious metals.
“There is still confidence that there will be a deal at the last minute, and if that is not the case, that the ECB (European Central Bank) will step in and make sure there is no contagion,” ABN Amro analyst Georgette Boele said as quoted by Reuters earlier this week.
In addition to Greece’ referendum, investors were also eyeing next week’s release of minutes from the Federal Reserve’s latest monetary policy meeting. Investors will be looking for further indications as to Fed’s timing in regards to an upcoming rate hike.

Click here to read the full iNVEZZ.com report.