Silver Flat at $19.50 an Ounce on Mixed Economic Signals

Silver traded flat at $19.50 an ounce on Wednesday, according to Reuters. European stocks were unimpressive, and U.S. equities were steady on economic data that showed a mixed message for the economy. This lack of activity in stocks was mirrored by precious metals. However, the dollar rose higher against the Euro, tempering any benefit in precious metals prices from stock underperformance. Peter Fertig, a consultant at Quantitative Commodity Research, said precious metals are likely to stay in their present range unless a serious geopolitical event occurs.