Silver closes higher, gains 30% this month
Silver prices rose on Friday, despite the dollar's rise against most currencies, as precious metals attracted demand due to a drop in stock markets.
The markets digested the US data that was released yesterday and showed the US GDP contracted 32.9% in the second quarter.
The dollar index rose against a basket of currencies by 0.3% to 93.3 points as of 19:28 GMT, after hitting a high of 93.3 and a low of 92.2.
Silver September futures rose 3.7%, to close at $24,216 an ounce, with weekly losses of 1.2%, but posted monthly gains of 30%, after hitting a day high of $24.5 and a low of $23.4
Gold August futures rose 1% to close at the all-time highest level at $1,985.9 an ounce, and posted weekly gains of 5% and monthly gains of 10.5%, which are the largest since 2012.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1785
|
0.0075
|
0.6435%
|
|
|
|
|
1.3052
|
0.0037
|
0.2828%
|
|
|
|
Tadawul
|
7499.97
|
10.08
|
0.13%
|
|
|
|
|
28.209
|
3.962
|
16.340%
|
|
|
|
|
41.550
|
1.115
|
2.757%
|
|
|
|
|
44.64
|
-0.45
|
1.00%
|
|
|
|
|
2032.160
|
62.805
|
3.189%
|
|
