Silver Up to $16.15 per Ounce

Jan. 06, 2015 09:05AM PST

On Tuesday, silver rose 0.1 percent to hit $16.15 per ounce. Its slight rise came as investors found reason to worry about falling oil prices and suffering equities, and sought less volatile vehicles to hold value.

On Tuesday, silver rose 0.1 percent to hit $16.15 per ounce, Reuters reported.

Its slight rise came as investors found reason to worry about falling oil prices and suffering equities, and sought less volatile vehicles to hold value. Though the US dollar is stronger, making silver less affordable for holders of other currencies, precious metals are a stable enough investment that this difficulty was offset by investors looking for a safe haven.