Silver price update: Silver finished up on Friday

Friday’s US GDP report showed a modest increase in the third quarter’s GDP of 2%. Though the figure increased from the second quarter’s figure of 1.7% but was still less than what the economists expected to be 2.1%. This had an impact on the prices of gold which saw a bullish trend on Friday and it also impacted the silver prices as they generally follow the trends in gold. Silver for December delivery settled 68.9 cents, or 2.89%, higher at $24.564 per troy ounce.