Silver Rises, but Gains May Not Stick

This morning, silver rose 0.6 percent, or $0.12, hitting $19.58 per ounce, according to Reuters.

Last week, strong jobs data from the United States drove precious metals prices down, but an increase in people quitting the workforce entirely, along with continued tension in Ukraine, has driven prices back up.

“The weakness following the strong U.S. jobs report on Friday was quickly reversed,” Ole Hansen, Saxo Bank’s head of research, told Reuters. “But the move so far has not been convincing, so we’re still not sure whether it will stick.”