Silver closes lower, posts weekly losses

Silver fell during today's trading as US dollar gained against most major currencies, which has pressured metals and reduced their safe haven demand in global markets.

US retail sales rose by 0.5% during last month, while industrial production rose 0.4%.

US President Donald Trump said that if Chinese President Xi Jinping attended the G20 summit, it would be good, and if he did not attend, more tariffs would be imposed on his country's imports to Washington.

By 19:30 GMT, the dollar index rose by 0.5% to 97.5 points, reaching a high of 97.5 points and a low of 96.9 points.

Silver futures fell 0.6%, or 8.9 cents, to close at $14.803 per ounce. the metal posted a weekly loss of 1.5%, with the day's highest at $15.12 and the lowest at $14.775.