Silver Rises on Fed Members’ US Economy Concerns

iNVEZZ.com reported that silver rose on Thursday morning after officials from the US Federal Reserve expressed concern “that the US economy may be vulnerable to a global slowdown.”

Specifically, some members believe expansion “might be slower than they expected if foreign economic growth came in weaker than anticipated.”

As quoted in the market news:

Silver for immediate delivery rose nearly one percent to $17.52 per Troy ounce as of 07:51 BST, and was trading 6.7 percent below its 50-day simple moving average of $18.78. Spot silver has recorded gains in three out of the past four sessions and has rallied over five percent so far this week after it touched $16.65 on Monday, the lowest in over four years.

Click here to read the full iNVEZZ.com report.