Silver closes higher as dollar drops

Silver futures closed higher on Tuesday, as the US dollar fell against most currencies amid safe-haven demand for precious metals.

Data showed today that the US consumer price index shrank 0.8% in April, lower than forecasts of a contraction of 0.7%.

Sources said that the White House ordered all West Wing employees to wear masks, after two aides working near President Donald Trump and vice president have contracted the coronavirus.

The dollar index fell against a basket of currencies by 0.3% to 99.9 points as of 22:39 GMT, after it hit an intraday high of 100.4 and a low of 99.6.

Silver July futures rose 0.2% to close at $15.709 an ounce, after a day high of $15.67 and a low of $15.615.