Silver closes higher after last week losses

Economies.com
2019-05-20 19:18PM UTC

Silver prices rose during today's trading, as dollar saw negative stability against most major currencies, amid esclation in the trade war which has driven investors to precious metals as a safe haven.

 

Google today suspended select dealings with Huawei, including stopping the availability of the Android operating system on computers and tablets manufactured by the Chinese company.

 

This comes after the US administration imposed a ban on companies to stop the use of Huawei technology for its risks to national security.

 

Sources revealed to CNBC that more technology companies in the United States are considering halting its dealings with Huawei.

 

The dollar index (against a number of major currencies) stabilized at 97.07 points by 19:07 GMT, hitting a high of 98.04 and a low of 97.8.

 

Silver futures (July delivery) rose by 0.4% to close at $14.445 an ounce. The metal hit a high of $14.455 and a low of $14.355 after a loss of 2.7% last week.

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