Silver closes higher as demand for metals rises

Silver prices rose during the day as demand levels for commodities and metals rose in the markets, despite the rise of the dollar against most of the major currencies and positive developments on trade negotiations between the United States and China.

US President Donald Trump said that the trade negotiations with China are going well and the performance of the economy is also in good condition.

On the other hand, the dollar index (against a basket of major currencies) rose by 0.4% to 98 points by 18:44 GMT, reaching a high of 98 points and a low of 97.5 points.

Besides, the markets fear a new front between the United States and economic sides, led by the European Union, as well as not ending the trade war with China.

Silver futures (May delivery) fell by 0.8% and closed at $14.916 an ounce. The metal hit a day high of $14.96 and a low of $14.74.