Silver Rises to $19.72 an Ounce as Fed Meeting Looms

Today, silver rose 0.2 percent, to $19.72 an ounce.

Investors have decided to sell many assets this week, mostly due to concern that further cuts to the US Federal Reserve’s monetary stimulus program will have a significant impact on prices, according to Reuters. The US Federal Reserve’s policy meeting, commencing Tuesday afternoon, is likely to have a large effect on precious metals prices.

Other conditions that have prompted sales this week are slowing Chinese economic growth and political tension in some countries.