Spot Silver Rises to $21.87 an Ounce as Dollar Falls
Investing News Network - November 6th, 2013
Today, as the dollar retreated, spot silver rose $0.21, to $21.87 per ounce.
Today, as the dollar retreated, spot silver rose $0.21, to $21.87 per ounce, Reuters reported. Meanwhile, silver futures for December delivery were up $0.25, to $21.89 an ounce, according to MarketWatch.
The dollar’s fall — and silver’s rise — was caused by expectations that the US Federal Reserve will extend its stimulus program, as per Reuters. Concern about the future of the Fed’s monthly bond-buying program have impacted metal prices all year.