Silver closes higher, shrugs off rising dollar

Economies.com
2021-04-27 21:30PM UTC

Silver prices rose on Tuesday, despite the US dollar rise against most of its peers and upbeat economic data.

 

Several tech giants will report their quarterly results for the first quarter this week, led by Apple, Microsoft and Amazon.

 

The US CB consumer confidence index rose to the highest level since February 2020 at 121.7 points in April.

 

The dollar index rose against a basket of currencies by 0.1% to 90.9 points as of 21:18 GMT, after it hit a high of 91.07 points and a low of 90.8 points.

 

Silver May futures rose 0.8% or 20 cents, and closed at $26.41 an ounce.

Commodities News

Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
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 ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Oil Analysis

Commodities

Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Silver Analysis

Commodities

Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...