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Silver Prices: Silver Price Jumps Amid Global Stock Selloff

Wednesday, April 6, 2016 4:15
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Silver Prices Snaps Two-Day Decline

The silver price appreciated more than one percent on Tuesday, snapping a two-day decline, as risk-averse traders hurried to buy safety-haven investments and sell risky assets like stocks amid a global stock-market selloff.

The May silver price rose to as high as $15.22 a troy ounce before trimming gains to settle at $15.12 a troy ounce, or up 1.2%.

The silver price had lost 3.4% over the past two sessions following a robust U.S. jobs report last week.

The silver price is nearly 11% higher than its one-year low reached in December, but still 16% lower than its 52-week high of $17.90 a troy ounce, touched last May.

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