Silver closes higher as safe-haven demand rebounds

Silver prices rose on Monday as the US dollar held against most major currencies, amid investors' risk-aversion, which was reflected on stock markets.

Precious metals suffered sharp losses last week, after the release of the US monthly jobs report, which showed that the economy has added 266K jobs in November and the unemployment rate fell to 3.5%.

The dollar index held against a basket of major currencies at 97.6 points as of 21:04 GMT, and hit an intraday high of 97.7 and a low of 97.5.

President Donald Trump stated that trade negotiations with China are going well, but no further details or updates had been announced.

Silver futures (March delivery) rose 0.3% to close at $16.642 an ounce, and hit a high of $16.73 and a low of $16.565, after losing 3% last week.