Silver Rises to $20.16 an Ounce as Geopolitical Tensions Continue

This morning, silver rose 1.2 percent, or $0.24, to $20.16 an ounce, according to Reuters. The gain came as investor interest in silver’s value as a safe haven increased.

Currently, investors are waiting for US economic data due out later today to get a clearer picture of the US economy’s current strength. They are also watching Russia as US President Barack Obama and major allies have all warned the country that they will implement further sanctions should it destabilize Ukraine any more.