Silver closes higher, recovers earlier losses

Economies.com
2019-09-10 20:13PM UTC

Silver rose today unlike gold, as silver was successful in attracting haven demand after concerns emerged in the markets due to Trump's decision to dismiss the US national security adviser.

 

Trump said that he had fired national security adviser John Bolton due to deep fundamental disagreements between him and Bolton, and he will nominate a new figure for the post by next week.

 

Otherwise, by 20:00 GMT, dollar index rose by 0.1% to 98.3 points, with an intraday high of 98.4 and a low of 98.2.

 

The markets are also anticipating the ECB and the US Fed meeting this week and the next, in addition to the US-China trade talks.

 

Silver futures (December delivery) rose by 0.1% or 1.9 cents to $18.186 an ounce, with a high of $18.265 and a low of $17.855.

Commodities News

Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Gold News

Commodities

Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Oil Analysis

Commodities

Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Silver Analysis

Commodities

Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...