Silver closes higher near $25/ounce
Silver futures closed higher on Thursday, as the US dollar fell against most of its peers, while the US Treasury bond yields pulled back.
US President Joe Biden announced yesterday a $2 trillion infrastructure spending plan, to develop electricity grids and other facilities to boost the US economic recovery from the Covid-19 pandemic.
Data showed that the US unemployment claims rose to 719K during the past week, worse than forecasts of 678K.
The US manufacturing PMI jumped to 64.7 points in March, which is the highest level in more than 37 years.
The US Department of Labor will reveal the monthly jobs on Friday, which shows the unemployment rate and wages in the country.
The dollar index fell against a basket of currencies by 0.3% to 92.9 points as of 20:07 GMT, after it hit a high of 93.3 points and a low of 92.8 points.
Silver May futures rose 1.7%, and closed at $24.95 an ounce.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1978
|
0.0067
|
0.5633%
|
|
|
|
|
1.3778
|
0.0030
|
0.2204%
|
|
|
|
Tadawul
|
9847.62
|
27.59
|
0.28%
|
|
|
|
|
25.425
|
0.330
|
1.315%
|
|
|
|
|
62.883
|
2.493
|
4.128%
|
|
|
|
|
66.40
|
2.74
|
4.30%
|
|
|
|
|
1736.905
|
-0.030
|
0.002%
|
|
