Silver Price Today: Silver Slips on Positive News from Greece

On Wednesday, positive news regarding the Greek debt crisis pushed the silver price down 1.1 percent, to $16.58 an ounce, according to Reuters. Greek debt talks have steered investors towards commodities metals as a hedge against instability, but the country’s creditors have signaled a new willingness to compromise in the past 24 hours.

“The easing of tensions in the euro zone, with optimism around a Greek deal and Draghi’s comments, has lifted the stock markets today, dampening interest for safer assets,” Carlo Alberto de Casa, chief analyst at ActivTrades, told the news outlet.