Silver closes lower for third straight day

Silver futures closed lower on Thursday, for the third straight day, as the US dollar steadied against its peers.

The initial unemployment claims in the US fell to 793,000 last week, worse than forecasts of 755,000.

The Federal Reserve Chairman Jerome Powell pledged to hold the US monetary policy unchanged until the economy fully recovers.

US President Joe Biden has not succeed yet in convincing the US Congress to pass his $1.9 trillion stimulus plan.

The dollar index rose against a basket of currencies less than 0.1% to 90.4 points as of 20:33 GMT, after it hit a high of 90.4 points and a low of 90.2 points.

Silver March futures fell 0.1% or 3 cents, and closed at $27.047 an ounce, with today’s high at $27.350, and the low at $26.750.