Silver Reaches Four-month High, Trades at $22.03 an Ounce

Feb. 24, 2014 03:21AM PST

Today, silver rose 1 percent, or $0.22, to trade at $22.03 per ounce. Earlier in the day, it hit $22.16, its highest price since October 31.

Today, silver rose 1 percent, or $0.22, to trade at $22.03 per ounce, according to Reuters. Earlier in the day, it hit $22.16, its highest price since October 31.

Pushing investors toward silver, the news outlet states, was weak US manufacturing data put out on Friday, as well as news that in January, home prices slowed in China for the first time in 14 months.

Longer-term the outlook for the US economy is mixed. Though there are worries, minutes released last week from the US Federal Reserve’s most recent meeting indicate that the reduction of monetary stimulus will continue apace for now.

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