Silver Rises to $20.06 on Fears of Ukraine Escalation

Aug. 12, 2014 09:48AM PST

This morning, silver rose 0.3 percent, or $0.06, hitting $20.06 per ounce. Investors are seeking a safe haven against the risks of global conflict, particularly as some see the situation in Ukraine escalating.

This morning, silver rose 0.3 percent, or $0.06, hitting $20.06 per ounce.

Investors are seeking a safe haven against the risks of global conflict, particularly as some see the situation in Ukraine escalating, according to Reuters. Other situations prompting safe-haven investment include the US intervention in Iraq; US Secretary of State John Kerry said the country will consider providing additional aid once an inclusive government is formed.

On the flip side, the global economy is faring well and the US dollar is rising. Those factors have limited gains for precious metals.