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Silver Rises to $18.83 an Ounce as European Equities Decline
Jun. 03, 2014 04:57AM PST
Silver InvestingComing off the losing streak it’s been plagued by for the last few days, silver today rose 0.6 percent, or $0.11, to trade at $18.83 per ounce. Reuters notes that European equities are down, while the dollar index remains high.
Coming off the losing streak it’s been plagued by for the last few days, silver today rose 0.6 percent, or $0.11, to trade at $18.83 per ounce. Reuters notes that European equities are down, while the dollar index remains high.
The news outlet also states that Eurozone price inflation declined in May, which could “increas[e] the risks of deflation in the currency area” and prompt the European Central Bank to cut interest rates this week. If the bank does so, precious metals’ position as a safe haven could be jeopardized.