Silver Rises to $20.96 an Ounce

Jun. 25, 2014 05:12AM PST

Today, silver rose 0.4 percent, or $0.08, to trade at $20.96 an ounce. However, it did not regain the three-month high it reached on Tuesday.

Today, silver rose 0.4 percent, or $0.08, to trade at $20.96 an ounce, according to Reuters. However, it did not regain the three-month high it reached on Tuesday.

US economic data that did not meet expectations pressured the dollar and equities, causing precious metals to gain appeal as safe-haven investments. Specifically, Bloomberg notes, US GDP data shows that the country’s economy contracted more in the first quarter of 2014 than it has in the last five years.

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