Stronger Gold Price Helps Boost Silver

Aug. 26, 2014 09:21AM PST

This morning, silver rose 0.9 percent, or $0.18, to trade at $19.48 per ounce. The white metal, which hit a two-month low of $19.25 last Thursday, was bolstered by gold’s relatively strong trading day.

This morning, silver rose 0.9 percent, or $0.18, to trade at $19.48 per ounce, according to Reuters.

The white metal, which hit a two-month low of $19.25 last Thursday, was bolstered by gold‘s relatively strong trading day. Geopolitical tension in Ukraine and the Middle East has also lifted silver prices as precious metals act as insurance against risk from such situations.

In addition, the dollar is flat today after a week of gains, and that is lending further appeal to silver and gold. Underperforming European shares are having the same impact.