Silver Rises to $21.49 an Ounce as Global Tensions Escalate

Silver rose 1.42 percent, or $0.30, to trade at $21.49 an ounce this morning, according to Reuters.

The crisis in Ukraine, which has steadily escalated to the point that the country is preparing for war, is spurring investors to seek refuge in precious metals. That interest is likely to continue if the situation in the country is not defused, Reuters notes; the crisis could also mean a significant hit for the global economy.