Silver wavers after setting four-week high

Economies.com
2017-01-13 18:16PM UTC

Silver prices wavered on Friday after hitting a four-week high yesterday, as the dollar dithers today against a basket of currencies, while gold prices stopped rising.
 
Silver last traded at $16.75 an ounce, compared to the opening price of $16.76, with an intraday high at $16.82, and a low at $16.56.
 
Silver's wavering today comes as the dollar wavers as well against main currencies after trying to rise on the back of strong U.S. data and pare the weekly losses.
 
As for gold prices, they stopped rising after facing the psychological barrier of $1,200, which forced it to trade below that level, in turn stemming silver's advance.
 
The dollar index, gauging the greenback against a basket of six main rivals, fell to 101.19 from the opening of 101.43, with an intraday high at 101.67, and a low at 101.95, after the hitting a five-week low yesterday at 100.70.

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price returns to the bullish correction – Forecast today - 29-03-2024
2024-03-29 01:50AM UTC
Wheat Price Analysis Expected Scenario: Continuing Bullish Momentum Wheat price rallied ...
Technical Analysis

Commodities

Sugar price completes the positive pattern – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Sugar Price Analysis Expected Scenario: Continuing Bullish Trend Sugar price managed to breach ...
Technical Analysis

Commodities

Soybean price keeps the positive stability – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Soybean Price Analysis Expected Scenario: Continuing Bullish Trend Soybean price attempted to ...