Silver prices stabilize today

Precious metals on Wednesday halted gains, with platinum futures settling at $979.25 an ounce, while silver futures settled at $31,260 an ounce.

Spot gold rose 0.2% to $2,636.28 an ounce, while gold futures expiring in December rose 0.3% to $2,639.50 an ounce.

Rising tensions between Russia and Ukraine were the biggest point of support for gold, as demand for safe havens increased after Moscow lowered the threshold for nuclear retaliation over the Ukrainian attacks.

The move was in response to the US reportedly authorizing the use of long-range missiles by Ukraine against Russia, which Moscow warned could represent a dangerous escalation in the conflict.



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