Silver Rises to $21.91 an Ounce

Today, silver prices rose about $0.26, to $21.91 an ounce, Bloomberg reported.

Reuters reported that the increase in the price of silver caused the gold/silver ratio — the amount of silver ounces needed to buy an ounce of gold — improved from last week’s rate of 64, a two-and-a-half-year high.

Both silver and gold prices have remained low due to investor worries that central bank stimulus may be scaled back, according to The Wall Street Journal.

The fact that buyers in China — a top consumer of the metals — were out for a holiday also helped keep silver prices down.