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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