Silver Rises to $18.83 an Ounce as European Equities Decline

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.