Silver Rises to $19.38 an Ounce on Weak Equities

Today, silver rose $0.23, or 0.94 percent, to $19.36 per ounce, according to Reuters.
The white metal’s gain came as uncertainty in emerging markets caused equities to fall, making precious metals more appealing to investors. Moving forward, silver prices could be impacted by the US non-farm payrolls report, set to come out on Friday.
“I think one of the concerns that we have for the emerging markets is the impact on advanced nations, but strong U.S. data makes people a little bit less willing to increase their exposure to gold,” Bank of America Merrill Lynch analyst Michael Widmer told Reuters. “There is a lot of data this week, and if you get strength there, that’s supportive for the dollar.”