Silver prices closed lower on Friday, as the US dollar continued to rise against its major rivals, and posted a weekly gain due to the US political tensions.
Data showed today that the US retail sales index fell 0.7% in December, while the producer price index rose 0.3%, lower than forecasts of 0.4%.
The dollar index rose against a basket of major currencies by 0.5% to 90.7 as of 20:23 GMT, after hitting a high of 90.7 points and a low of 90.2 points.
President-elect Joe Biden revealed yesterday a $1.9 trillion stimulus package to boost the economy from the Covid crisis.
Silver March futures fell 3.2% or 94 cents, and closed at $24.866 an ounce, but posted a weekly gain of 0.9%, after hitting a day high of $25.865, and a low of $24.610.