Silver closes higher on global economic concerns

Economies.com
2019-09-16 20:17PM UTC

Silver rose today on market's concerns over the global economy after the sabotage attacks on two Saudi Arabia oil facilities.


The shifted to safe havens such as precious metals the attack on Saudi Aramco's Khurais and Abqaiq oil facilities.


Experts fear that this surge in oil prices will impact oil-consuming countries, especially after many countries stressed that they will use their strategic oil inventories.


Trump's administration accused Iran for the terrorist attacks in Saudi Arabia 


As of 20:04 GMT, dollar index rose by 0.4% to 98.6 points, with a high of 98.7 and a low of 98.03.


Silver futures (December delivery) rose by 2.6% or 45.7 cents to $18.026 an ounce, after it hit a weekly loss of 3%, with a high of $18.075 and a low of $17.69.

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