James Allen: Silver Jewelry Prices Rise As Oil Prices Advance

Silver Jewelry Prices Rise As Oil Prices Advance

By James Allen .com

NEW YORK - Silver prices rose on Tuesday, recovering their losses from the previous session as a rise in oil prices drew traders back into commodities. Prices in Silver Jewelry are expected to experience a small increase.

The dollar was strong, however, which kept trading erratic. Precious metals are often used by investors as a hedge against inflation and a weakening dollar.

Silver futures for September delivery rose 20.5 cents to settle at $13.575 an ounce on the New York Mercantile Exchange, after falling by nearly 11 cents on Monday.