Silver Rises to $15.84 Per Ounce

Whereas gold was heading toward a decline in the face of the US Federal Reserve’s last monetary policy meeting of the year, silver has recorded gains.

iNVEZZ.com reported that silver for immediate delivery rose Wednesday by nearly 1 percent, or $0.15, to trade at $15.84 an ounce. However, that still represents a price 4 percent below silver’s 50-day simple moving average of $16.51.

The rise came on the heels of a 2.7-percent decline yesterday, according to the news source. The precious metal has fallen 7.6 percent so far this week.