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

Oct. 23, 2013 05:15AM PST

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.