Silver closes lower below $17 as dollar rises
Economies.com
2019-08-13 19:54PM UTC
Silver closed lower today as dollar rose against a basket of currencies due to the ease of the trade war concerns.
Trump’s administration decided to delay the tariffs increase on several Chinese imports until mid-December.
Additionally, the US Treasury Department canceled tariffs on several other imports, and Trump commented that the decision is due to the Christmas season.
As of 19:42 GMT, dollar rose against a basket of major currencies by 0.4% to 97.7 points, with a high of 97.8 and a low of 97.3.
Silver futures (September delivery) fell by 0.5% to $16.985 per ounce, with a high of $17.49 and a low of $16.51.
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