Silver Sinks Slightly to $21.41 an Ounce

This morning, silver traded down 0.1 percent, or $0.02, hitting $21.41 an ounce, according to Reuters.

Explaining the movement, Robin Bhar, an analyst at Societe Generale SA (EPA:GLE), told the news outlet, “[i]t’s definitely soft economic data, risk aversion, Ukraine and geopolitical tensions. Also there is more of a risk now of China maybe having a bit of a hard landing, U.S. recovery may be slower than people thought and gold is coming in on its own as an insurance policy, safe-haven bid.”

Bhar’s mention of gold applies equally to silver, another haven for investors seeking low-risk commodities.