Silver closes higher, shakes off stocks rally

Economies.com
2021-02-24 21:44PM UTC

Silver futures closed higher on Wednesday, as the US dollar held against its peers, despite a rally in stocks.

 

US Federal Reserve Chairman Jerome Powell stressed during his semi-annual testimony before the Senate Banking Committee that employment and inflation rates are still far from the Fed's goals.

 

The dollar index held against a basket of major currencies at 90.1 points as of 21:31 GMT, after hitting a high of 90.4 points and a low of 89.9 points.

 

Silver March futures rose 0.6% or 17 cents, and the metal closed at $27.859 an ounce, with today’s high at $28.005, and the low at $27.365.

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