Silver hits new highs, pierces $18 an ounce
2017-02-16 17:58:00 GMT (Economies.com)
Silver hits new highs, pierces $18 an ounce

Silver prices rose on Thursday to a 3-1/2 month high, hovering above $18 an ounce as the dollar falls against a basket of currencies, underpinning commodities.
 
Silver last traded at $18.08 an ounce, up from the opening price of $17.96, with a session-high at $18.11, and a low at $17.91.
 
Silver's surge today comes as the dollar tumbles on profit-taking after hitting a five-week high against a basket of currencies yesterday following upbeat inflation and retail sales data from America.
 
Dollar's decline buoyed the greenback-denominated silver futures, while stocks stopped rising after hitting record highs recently, buoying demand on the white metal as an alternative investment.
 
The dollar index, measuring the greenback versus a basket of peers, fell to 100.54 from the opening of 101.05, with a session-high at 101.06, and a low at 100.41, after hitting a five-week high yesterday at 101.76.

 
 
 
  Symbol Last Change Chg.%
1.2265
0.0065
0.5340%
1.3793
0.0064
0.4643%
17.209
-0.042
0.241%
63.785
-0.670
1.040%
69.19
-1.07
1.52%
1338.900
0.450
0.034%
 
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