Silver Sinks to $21.97 per Ounce

The price of silver fell today, with spot silver declining to $21.97 an ounce, a decrease of about $0.07, Reuters reported.

Silver futures for July delivery hit  $21.76 an ounce, a fall of about $0.20, according to Bloomberg. Metals prices have been impacted by an improving US economy and speculation that the Federal Reserve may slow its bond-buying program. Investors are also waiting for the Fed to meet on June 18 and 19.

Reuters said Indian silver and gold futures are trading lower today as physical demand hits a seasonally low period.