Silver closes lower despite falling dollar

2021-04-05 22:40:09 GMT (Economies.com)
Silver closes lower despite falling dollar

Silver futures fell on Monday, despite the US US Treasury bonds retreat and the US dollar's drop against its peers.

 

Silver was weighed down by the rebound in stock markets, despite the 10-year US Treasury bond yields' fall today to 1.715%.

 

US President Joe Biden announced a $2 trillion infrastructure spending plan, to develop electricity grids and other facilities to boost the US economic recovery from the Covid-19 pandemic.

 

Countries around the world are intensifying their efforts to combat the Covid-19 pandemic with largescale vaccination campaigns.

 

The US stock and bond markets were closed on Friday in observance of the Good Friday holiday, with some stock markets in several European and Asian countries continuing to close today due to the Easter holiday.

 

The dollar index slipped against a basket of currencies by 0.5% to 92.5 points as of 20:22 GMT, after it hit a high of 93.1 points and a low of 92.5 points.

 

Silver May futures rose 0.7%, and closed at $24.78 an ounce.

 
 
 
  Symbol Last Change Chg.%
1.1980
0.0069
0.5793%
1.3776
0.0027
0.2000%
Tadawul
9847.62
27.59
0.28%
25.422
0.327
1.301%
62.783
2.393
3.963%
66.34
2.67
4.19%
1736.395
-0.540
0.031%
 
 
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