Silver closes over 2% higher

Economies.com
2020-04-07 20:55PM UTC

Silver futures rose on Tuesday, despite investors' aversion to safe havens such as precious metals, but silver was lifted by a retreat in the US dollar against its major peers.


According to John Hopkins University worldwide coronavirus infections rose to 1.4 million, with a death toll of nearly 80,000 victims.


Most global banks and agencies expect a global economic recession, with the US economy to witness the worst impact from the coronavirus.


The dollar index fell by 0.8% to 99.9 points as of 20:43 GMT, after it hit a high of 100.7 and a low of 99.7.


Silver May futures rose 2.1% to close at 15.48 an ounce, after hitting a day high of 15.93 and a low of 15.205.

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