Silver closes flat, but posts over 6% weekly gain

Silver futures closed flat on Friday, as the US dollar fell against its peers after the disappointing US monthly jobs report.

Data showed that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.

The US unemployment rate rose to 6.1% in April from 6% in March, while analysts forecast a drop to 5.8%.

US President Joe Biden said after the data that economy is on the right track despite a vastly disappointing monthly jobs 

The dollar index fell against a basket of currencies by 0.8% to 90.2 points as of 21:06 GMT, after it hit a high of 90.9 points and a low of 90.2 points.

Silver July futures held at $27.48 an ounce, and posted a weekly gain of 6.1%.