Silver Up to $21 an Ounce as Investors Seek Safe Haven

Mar. 10, 2014 04:29AM PST

Today, silver rose 0.4 percent, or $0.08, to $21 an ounce, as Russian forces took over a military hospital and missile base on Ukraine’s Crimean peninsula.

Today, silver rose 0.4 percent, or $0.08, to $21 an ounce, as Russian forces took over a military hospital and missile base on Ukraine’s Crimean peninsula. The move made precious metals an appealing safe haven for investors, according to Reuters.

On a different note, the gold/silver ratio, which tracks the number of silver ounces required to buy an ounce of gold, hit a one-month high on Friday. This morning, it eased back to lower levels, as per Reuters.