Silver Rises to $20.54 per Ounce Ahead of US Data

Today, silver rose 0.1 percent, or $0.02, to $20.54 an ounce, according to Reuters.

The metal is continuing to climb back from a five-week low of $20.26 last week. However, its gains are being capped on anticipation of US data, including the latest Federal Reserve policy decision. The end of the week will also bring US non-farm payroll numbers, which are expected to show that the country’s economy is faring well.

The dollar is also trading at six-month highs, diminishing the appeal of precious metals.