Silver closes higher for the second session in a row

Economies.com
2019-07-15 19:29PM UTC

Silver rose on Monday for the second consecutive session as the metal continued its gains above the $15 barrier, taking advantage of the market's concerns about global economic growth.


This came after government data showed China's GDP grew by 6.2% in the second quarter, marking the lowest quarterly growth rate in more than 27 years.


The dollar index rose by 0.1% to 96.9 points at 19:17 GMT, with a high of 96.9 points and a low of 96.7 points.


Investors took the precious metals as safe havens in the face of concerns about the global economy after weak Chinese data, as well as the continued lack of any new progress at the trade negotiations between the US and China.


At the close of the session, silver futures for September delivery rose 0.9%, or 12.9 cents to $15.365 per ounce, and the metal recorded the highest price at $15.39 and the lowest price at $15.185.

Commodities News

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 ...
Gold News

Commodities

Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Oil News

Commodities

Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Oil Analysis

Commodities

Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Silver Analysis

Commodities

Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...