Silver Hits $19.67 per Ounce as US Dollar Index Sinks

Unlike gold, silver rose slightly today, gaining $0.02 from the previous session to rise to $19.67 per ounce, according to Reuters. Silver futures for March delivery on the COMEX in New York are up at $19.65 per ounce, as per Kitco News.

Investors are awaiting the completion of the Federal Reserve’s two-day board meeting, after which an announcement regarding the stimulus program should take place. Other factors impacting silver prices today include a fall in the US dollar index, a rise in oil prices and positive manufacturing data from the European Union, Kitco said.