Silver Price Today: Silver Still May’s Best-performing Metal

Wednesday saw the silver price fall 0.2 percent, to $16.68 an ounce, according to Reuters. Despite the decline, silver remains the best-performing metal this month, and is still up 3.4 percent from the end of April.

Positive economic news has rekindled speculation that the US Federal Reserve will raise interest rates by the end of the year. Fed Chair Janet Yellen has indicated that a rate hike is likely, and any increase in the key funds rate will likely diminish the appeal of safe-haven commodities like silver.