Silver prices today moved lower in the wake of a better than expected December jobs report.
Despite today's decline, there are two reasons to remain bullish on silver in 2016.
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Silver Prices
What's Moving the Silver Price Today and into 2016
The silver price today is down about $0.53 to $13.85. That's nearing a 12% slip for 2015.
The silver price showed renewed strength last week, after coming off a volatile week when the U.S. Federal Reserve raised rates. Silver's price swung nearly 4% or more in a single day… three separate times.
Here's a closer look at where silver has been trading and what that tells us about what's next...
What's Moving the Silver Price Today
Despite a strong recent surge and continued strength in gold, the silver price today hasn't been able to muster the same strength. Last week was one where silver did not take its cue from gold, as it normally does.
Here's how the silver price action looked...
What’s Next for Silver Prices Following Fed Rate Hike
The Fed's two-day meeting on Dec. 15-16 is nearing, so it's time to look at what impact a likely interest rate hike will have on silver prices.
When the Fed raises interest rates, the value of the U.S. dollar increases, which also makes dollar-denominated commodities more expensive.
This reduces the demand for precious metals like silver, sending silver prices lower.
But this upcoming December rate hike will affect silver differently than in the past...
Silver Coin Sales Hit Record High in 2015 - Still Time to Buy
Silver bullion coin sales in November broke the previous annual record of 44,006,000 ounces sold in 2014.
With one month still left in 2015, the year-to-date silver coin sales tally has hit a new record of 44,666,500 ounces.
Here's what's driving the frenzied demand...
Today's Silver Price Triggers Higher Coin Demand
Today's silver price is getting cues from gold… That's almost always the case. And this past week has been no different.
Take a look at where silver is priced today, and why we're buying...
Silver Prices Today Down on Federal Reserve Speeches
Silver prices today fell 0.2% as investors listen to speeches from U.S. Federal Reserve officials on monetary policy.
Investors are listening for clues on whether the Fed will raise interest rates at next month's meeting on Dec. 15-16.
Here's everything you need to know about today's movement...
Silver Prices Today Drop 3.5% After Fed Teases December Rate Hike
Silver prices today fell after the Federal Open Market Committee (FOMC) made a hawkish statement regarding interest rates.
The decline came after the Fed said it would consider hiking interest rates at its next meeting in December.
But there's one reason why the Fed wouldn't dare hike rates in 2015...
Price of Silver Today Falls 2.6% Ahead of FOMC Minutes
The price of silver today sank lower as investors brace for the release of minutes from the U.S. Federal Reserve.
The minutes could provide insight into the Fed's global economic growth concerns and future plans for raising rates.
Here's how you can profit from silver investing despite today's downturn...
What Is the Silver Price per Ounce Today?
The silver price per ounce today fell into the red as the precious metal's future remains uncertain ahead of next week's FOMC meeting.
The two-day assembly will determine whether the U.S. Federal Reserve will raise interest rates for the first time in 10 years.
Here's what you need to know about today's price movement...