Silver Rises to $18.81 per Ounce as Dollar Falls

This morning, silver rose 0.3 percent, or $0.06, to $18.81 per ounce, according to Reuters.

US companies hired 179,000 workers in May; that’s the lowest monthly increase since January and well below economists’ predictions. As a result of that disappointing data, US bond yields and the dollar both fell, increasing the price of precious metals.

At the moment, investors are awaiting the results of a European Central Bank meeting that may lead to quantitative easing in the Eurozone.