Silver closes flat below $18

Economies.com
2020-01-23 21:06PM UTC

Silver steadied today, despite a rebound in safe-haven demand for precious metals, due to mounted fears about the outbreak of the deadly Chinese coronavirus after infecting hundreds.

 

China revealed that the virus death toll increased to 18, and more than 600 of infected cases of the deadly, and have been quarantined.

 

The US, Japan, Scotland and several other countries also announced infected cases, after visiting China in the past few weeks.

 

Otherwise, the Trump administration threatened to impose tariffs against the EU and the UK if no fair trade deals were reached.

 

The dollar index rose against a basket of major currencies by 0.2% to 97.6 points at 20:53 GMT, after it hit a high of 97.8 and a low of 97.4.

 

Silver futures (due March) settled at $17.829 an ounce, with a day high of $17.91 and a low of $17.59.

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