Silver Trades at Low of $21.02 an Ounce Early in Session

Nov. 12, 2013 04:35AM PST

Silver was down today due to concerns that the US Federal Reserve will pull back on its monthly bond-buying program by the end of the year. Spot silver dropped $0.19, to $21.11 an ounce.

Silver was down today due to concerns that the US Federal Reserve will pull back on its monthly bond-buying program by the end of the year. Spot silver dropped $0.19, to $21.11 an ounce, Reuters reported. Earlier in the session, spot prices for the metal were down to $21.02 an ounce, the lowest in nearly a month.

Silver futures for December delivery were also lower today on the COMEX in New York. Futures fell about $0.11, to $21.18 an ounce, as per FastMarkets, hitting a low of $21.05 earlier in the day.