Silver closes lower, but logs more than 1% weekly gain

2021-04-09 22:16:49 GMT (Economies.com)
Silver closes lower, but logs more than 1% weekly gain

Silver futures closed lower on Friday, as the US dollar held steadily against most of its peers, but silver managed to post weekly gains.

 

The International Monetary Fund raised its projections for the global GDP to grow by 6% in 2021.

 

The IMF also estimated the US economy to grow to 6.4% in 2021 based on the Federal Reserve's forecasts.

 

Data showed that the US producer price index rose 1% in March, beating forecasts of a rise by 0.5%.

 

The dollar index rose against a basket of major currencies 0.1% to 92.1 points as of 21:27 GMT, after hitting a high of 92.4 points and a low of 92.03 points.

 

Silver May futures fell 1% or 26 cents, and closed at $25.33 an ounce, with a weekly gain of 1.3%.

 
 
 
  Symbol Last Change Chg.%
1.2089
-0.0084
0.6929%
1.4036
-0.0100
0.7046%
Tadawul
10322.68
86.96
0.85%
26.933
-0.871
3.133%
64.230
-1.162
1.777%
67.87
-1.44
2.08%
1818.350
-25.875
1.403%
 
 
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