Silver closes higher, but logs weekly loss
Silver prices rose on Friday, while the US dollar fell against most of its peers after the disappointing US data, but silver posted a weekly loss.
The US Department of Labor reported that the economy has added 559K new jobs in May, missing forecasts of 645K.
The US unemployment rate fell to 5.8% in May from 6.1% in April, better than analysts' forecasts of 5.9%.
The ADP Non-Farm Employment Change reading showed yesterday a rise by 978K jobs in May, while analysts forecast 645K.
The dollar index fell against a basket of major currencies by 0.4% to 90.1 points as of 19:09 GMT, after hitting a high of 90.6 points and a low of 90.1 points.
Silver July futures rose 1.5% or 42 cents, and closed at $27.90 an ounce, and posted a weekly loss of 0.4%.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1940
|
0.0038
|
0.3163%
|
|
|
|
|
1.3925
|
0.0031
|
0.2202%
|
|
|
|
Tadawul
|
10919.68
|
6.62
|
0.06%
|
|
|
|
|
26.009
|
0.021
|
0.081%
|
|
|
|
|
73.603
|
1.777
|
2.474%
|
|
|
|
|
75.56
|
0.32
|
0.43%
|
|
|
|
|
1776.965
|
-1.425
|
0.080%
|
|
