Click Now!

Silver Prices Continue to Fall as Dollar Strengthens

Silver Prices Continue to Fall as Dollar Strengthens

Silver fell throughout the second half of last week from a high of 18.813 to a low of 17.810 on Friday. It opened this week by falling further, immediately dropping to 17.413 but has since recovered to around the 17.860 level.

Silver prices have been falling as expectations grow for an increase in US interest rates and the Federal Reserve indicated that its bond buying program will end next month. Silver costs money to store and will not produce as much ROI when interest rates are on the rise. Furthermore, with the dollar gaining in strength it makes silver far more expensive for those who hold other currencies.

Nonetheless, the US intervention in Syria has raised prices slightly as investors look towards safe haven investments. Nonetheless, it is unlikely that silver will return to its previous prices in the near future.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

COMMENTS

comments

Calendar

September 2014
M T W T F S S
« Aug   Oct »
1234567
891011121314
15161718192021
22232425262728
2930  

Recent Tweets