Silver Sinks on High Dollar, Low Geopolitical Tension

On Wednesday, silver fell 0.3 percent, or $0.06, to trade at $18.97 per ounce, according to Reuters. The metal’s price is reacting to the same factors that are putting pressure on gold, including a remarkably well-performing dollar. The currency continues to rise, and analysts expect more gains to come.

Tension in Ukraine is also decreasing, the news outlet notes. A Kremlin adviser said that the Russian and Ukrainian presidents are generally content with the cease​fire between Kiev and pro-Russian forces. Unfortunately, that’s bad for silver as geopolitical issues lend support to precious metals.