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The price of silver increased today after unchanged unemployment rates were released on Friday.
The price of silver increased today after unchanged unemployment rates were released on Friday. Silver for September delivery rose by 1.8 percent, or $0.35, to reach $19.19 an ounce, Reuters reported. Spot silver was also up by $0.17, at $19.10 an ounce.
Despite data showing that US employers added 195,000 new jobs to non-farm payrolls last month, the unemployment rate held steady at 7.6 percent. This unchanged rate may indicate that the US Federal Reserve will continue its bond-buying stimulus instead of beginning to curb it starting in September.
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