Silver closes lower but notches 1.6% weekly gain

Silver prices slipped today pressured by dollar's rise amid mixed cues about the ongoing round of the US-China trade talks.

President Trump stated that his administration has removed the tariffs on 400 of Chinese imports, to pave the way for constructive talks and added that China has made a tangible progress in that regard.

Whilst, several news agencies reported that the Chinese delegation had canceled its visit to Montana which was supposed to prepare for a high-level round of talks scheduled for next month.

As of 20:53 GMT, dollar index rose by 0.3% to 98.5 points, with a high of 98.6 and a low of 98.2.

Silver futures (December delivery) shed 0.2% to close at $17.869 an ounce, but posted a weekly gain of 1.6%, with an intraday high of $18.04 and a low of $17.81.