Silver Rises to $22.19 an Ounce as Investors Wait for US Data

Silver was up today, outperforming gold, Reuters reported. The metal increased $0.31, to $22.19 an ounce.

Precious metals increased last week as investors speculated that the Federal Reserve would push back tapering its stimulus program. However, they are now waiting for new US economic data to be released.

The US September employment report is due out on October 22, according to Kitco. The release of data and other information postponed during the first two weeks of the month due to the government shutdown could create a more volatile market for metal prices.