Silver Sinks to $19.51 an Ounce on Strong US Jobs Data

Today, silver fell 1.8 percent, or $0.35, hitting $19.51 an ounce, according to Reuters. The decline came as positive jobs data from the United States bolstered the dollar’s performance as well as investors’ interest in stocks.

Currently, investors are eagerly awaiting the release of minutes from the Federal Reserve’s latest policy meeting. They may disclose how serious the Fed is about tapering its stimulus program — extensive tapering would likely lead to a drop in precious metal prices.