Silver closes flat amid optimism about US-China trade talks

Silver prices stabilized at the end of trading today as US dollar stabilized against most of the major currencies amid markets' anticipation for the G20 summit.

US Federal Reserve Chairman Jerome Powell said yesterday that broad-based market expectations, which indicate a rate cut at the next month's meeting, will not be necessarily achieved.

Meanwhile, President Donald Trump said trade negotiations with China are good so far, pointing to the possibility of an agreement.

The dollar index (against a number of major currencies) stabilized at 96.3 points by 19:32 GMT, reaching a high of 96.3 points, while the lowest at 95.8 points.

At the end of the session, silver futures (July delivery) fell by less than 0.1% or half a cent and closed at $15.294 per ounce. The metal hit a high of $15.355 and a low of $15.16.