Silver Rises Further, Hitting $16 per Ounce

Dec. 30, 2014 09:17AM PST

Silver rose 1.4 percent on Tuesday morning, reaching $16 per ounce. Investors are looking to precious metals as the dollar declines and equities underperform.

Silver rose 1.4 percent on Tuesday morning, reaching $16 per ounce, according to Reuters. Investors are looking to precious metals as the dollar declines and equities underperform; in particular, the dollar is falling markedly against the yen.

There are also concerns about tensions between Russia and the US after the former indicated that further sanctions could impede cooperation between the countries. Geopolitical tensions tend to increase the appeal of investing in precious metals rather than currency or equities.

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