Silver closes lower as investors risk appetite grows

Silver prices fell during today's trading as investors sought risky assets such as stock instead of precious metals amid optimism about trade negotiations between the world's two largest economies.

That optimism prevailed after US Treasury Secretary Manuchen announced earlier this week that trade negotiations with China have entered the final stage and that the two sides were close to reaching a landmark agreement.

Last week, Mnuchin announced that Washington and Beijing had agreed on a mechanism to implement a possible trade deal once it is reached.

It is worth mentioning that Last week, Mnuchin announced that Washington and Beijing had agreed on a mechanism to implement a possible trade deal once it is reached, which indicates significant progress in the talks.

Meanwhile, the dollar index (against a number of major currencies) rose by 0.1% to 97.04 points at 18:56 GMT, reaching a high of 97.09 points and a low of 96.8 points.

Silver futures (May delivery) fell by 0.4% and closed at $14.915 an ounce. The metal hit a day high of $14.975 and a low of $14.83.