Silver Price Today: Silver Steady at $16.59 per Ounce

The price of silver remained unchanged from Tuesday to Wednesday at $16.59 an ounce, Reuters reported. The lack of movement reflects investor trepidation as the US Federal Reserve continues to discuss the possibility of an interest rate hike later this year.

Weaker-than-expected GDP data released Wednesday could push investors toward silver and other safe-haven commodities in the future, though a Fed decision to raise interest rates would reinvigorate interest in stocks and other assets that pay interest.