Silver closes higher, as dollar weakens

Economies.com
2020-10-27 20:39PM UTC

Silver prices rose on Tuesday, as the US dollar fell against its rivals, lifted by the release of weak US data.


Data showed that the US durable goods orders rose 1.9% in September, higher than forecasts of 0.5%.


While the CB consumer confidence index fell to 100.9 points vs. 101.3 points in September.


The dollar index fell against a basket of currencies by 0.2% to 92.8 points as of 21:27 GMT, after it hit a high of 93.1 and a low of 92.7.


Silver December futures rose 0.6% or 15 cents, and closed at 24.57 an ounce, with today's high at $24.760 and the low at 24.265.

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