Silver Sinks to $20 per Ounce as Gold Thrives

Today, silver fell 0.3 percent, or $0.06, hitting $20 an ounce. That’s in contrast to gold, which rose to a three-month high on the back of comments from new Federal Reserve Chair Janet Yellen.

Reuters states that anticipation of a continued economic recovery may be hurting silver as it is making precious metals less appealing to investors than equities and currencies. It also means that emerging market disturbances are having less impact on prices for such metals.