Silver closes 2% higher
Silver prices rose on Tuesday, as the US dollar fell against most of its peers following the US Treasury bond yields retreat.
The International Monetary Fund revealed its projections for the global GDP, which is expected to grow by 6%, thanks to the recovery from the Covid-19 pandemic and the lockdown restrictions.
The IMF added that it expects US GDP to grow by 6.4% in 2021 compared to its previous estimates.
Otherwise, the 10-year US Treasury bond yields fell 1.3% today to 1.665%.
US President Joe Biden revealed recently a massive plan to spend nearly $2 trillion on infrastructure.
The dollar index fell against a basket of currencies by 0.2% to 92.4 points as of 19:35 GMT, after it hit a high of 92.7 points and a low of 92.5 points.
Silver May futures rose 1.8%, and closed at $25.23 an ounce.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1974
|
0.0063
|
0.5289%
|
|
|
|
|
1.3780
|
0.0032
|
0.2342%
|
|
|
|
Tadawul
|
9847.62
|
27.59
|
0.28%
|
|
|
|
|
25.404
|
0.309
|
1.233%
|
|
|
|
|
62.891
|
2.501
|
4.141%
|
|
|
|
|
66.41
|
2.75
|
4.32%
|
|
|
|
|
1736.345
|
-0.590
|
0.034%
|
|
