Silver Slightly Down, but Still Near Three-week High

Federal Reserve Chairman Ben Bernanke announced last week that the central bank will keep interest rates low. The announcement boosted commodities, causing silver to gain 4.6 percent that week.

Yet an increase in the dollar and Chinese GDP data matching expectations caused the white metal, along with gold and copper, to experience a minor loss today, Reuters reported.

Silver prices currently sit at $19.88 an ounce, while silver futures for September delivery are at $19.86 an ounce, up $0.06.

Prices are still near their highest level in more than three weeks, Reuters reported.