Silver inches up amid persistent wavering

Economies.com
2018-04-16 04:03AM UTC

Silver prices rose modestly at the open after scoring gains last week, with the white metal largely wavering in the medium term due to lack of direction. 

 

Silver tried to rise today amid Syria concerns after US-led strikes on Syrian military establishments, with Russia threatening responses and Washington imposing new sanctions on Russia. 

 

Stock indices are wavering, while oil prices gave up ground, increasing demand on silver as a safe haven amid market uncertainty. 

 

Dollar stopped falling in Asian trade after a swoon against a basket of major rivals last week. 

 

Silver prices inched up to $16.66 an ounce from the opening of $16.62, with a session-high at $16.68, and a low at $16.55. 

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