Silver Flat at $19.30 an Ounce

February 6, 2014

London (Feb 6)  Silver traded flat this morning at $19.30 per ounce, according to Reuters. Meanwhile, silver futures for March delivery were down $0.04, to $19.356 per ounce, as per Bloomberg.

The white metal’s inactivity came as the dollar firmed up and gold declined, causing investors to lose interest in precious metals. Further, equities and other riskier investments were more appealing after US stocks opened higher following a significant Monday drop.

News about emerging markets, falling equities and weaker US data has failed to send silver on a downward spiral and also has not changed the general investment position towards precious metals, Saxo Bank Senior Manager Ole Hansen is quoted by Reuters as saying.

(Source:  Reuters)

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