Silver Rises to $19.74 an Ounce on Lower Dollar

Against the backdrop of a lower dollar, silver rose $0.28 from the previous session to hit $19.74 per ounce earlier today, Reuters reported. On the COMEX in New York, silver futures for March delivery were up $0.012, to $19.54 an ounce, Kitco News said.

While, as mentioned, the falling dollar helped buoy silver prices today, investors remain cautious after last week’s positive economic data from the United States, which indicates that the Federal Reserve may “move up its timeline” for tapering quantitative easing, as per Kitco.