Silver wavers throughout the week

Economies.com
2018-02-23 04:06AM UTC

Silver prices dipped on Friday after attempting to rise in the last two sessions, however most gains were methodically trimmed down, leaving the white metal in a flat state throughout the week. 

 

Silver scored some gains yesterday as the dollar index gave up ground, before paring the gains and heading south today. 

 

As Asian stocks recover, demand on silver as a safe haven in the market diminishes as well, while the dollar regains its footing after yesterday's losses. 

 

 Analysts expect several Federal Reserve rate hikes this year, while US treasury bond yields are near multi-year highs, keeping a lid on silver's attempts to recover. 

 

Silver slipped to $16.57 an ounce from the opening of $16.60, with an intraday high at $16.62, and a low at $16.56. 

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