Silver Rises to $19.86 an Ounce as Investors Await Further Data

Today, silver rose 0.7 percent, or $0.14, to trade at $19.86 an ounce, according to Reuters.

Investors are currently avoiding some risk by purchasing precious metals ahead of important economic data. “We have ADPs (employment data) later today … and there will be a greater search for meaningful clues from the Fed as to whether a genuinely hawkish stance is being taken as suggested a couple of weeks ago or not,” Mitsubishi analyst Jonathan Butler told the news outlet.

The forthcoming data and subsequent reactions to it may give a clearer picture of the state of the US economy, and therefore calibrate investors’ appetite for risk.