Silver Rises to $19.93 an Ounce

Silver prices reached $19.93 an ounce today, a rise of $0.04 from the previous session. Similarly, silver futures for September delivery increased $0.996, to reach $19.935 an ounce on the COMEX in New York, as per Bloomberg.

Commodities across the board have been climbing due to a weakened dollar. Federal Reserve Chairman Ben Bernanke is scheduled to testify before a congressional committee July 17; when he does, investors hope to find clues regarding the Fed’s plan to reduce its stimulus package.