Silver Sinks from One-month High, Lands at $22.56

- October 23rd, 2013

Silver prices fell today, sinking as low as $22.56 per ounce, after hitting a one-month high of $22.80 an ounce yesterday.

Silver prices fell today, sinking as low as $22.56 per ounce, after hitting a one-month high of $22.80 an ounce yesterday, Reuters reported. Yesterday’s price rise was brought about by the news that the US economy added fewer jobs than expected during September.

The gold/silver ratio also fell to its lowest level since mid-September, reaching 59.01, according to the news outlet. The ratio measures the number of silver ounces needed to buy an ounce of gold.

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