Silver Rises to $19.57 per Ounce on Geopolitical Tensions

Today, silver rose 0.1 percent, or $0.02, to $19.57 per ounce, according to Reuters.

Though low physical demand is curbing silver’s price, it managed to rise on the back of escalation in the Ukraine crisis. The country has put on a display of military power ahead of Thursday’s talks between four major powers.

“Pre-holiday profit-taking could intensify once more, should the Ukraine summit on Thursday result in a mutually agreed plan on further de-escalation of the crisis,” VTB Capital analyst Andrey Kryuchenkov told Reuters.