Silver Rises to $22.53 on Release of September Jobs Data

The US economy added 148,000 jobs last month, lower than the 185,000 jobs expected by analysts. The weaker number has given investors hope that the Federal Reserve will avoid tapering quantitative easing.

On the back of those results, silver futures for December delivery added $0.48, to hit $22.75 an ounce, MarketWatch reported. Spot silver prices hit a high of $22.53 an ounce, up $0.34, or 1.5 percent, from yesterday, as per Reuters.