Silver closes slightly higher and recovers from early losses

2019-04-15 21:07:20 GMT (Economies.com)
Silver closes slightly higher and recovers from early losses

Silver prices rose slightly at the end of today's trading, recovering from previous losses after it recorded the lowest level of this year so far at $14.795 an ounce.

 

Last week, silver didn't take advantage of the positive outlook for demand recovery for it and precious metals in general, as global economic growth and the Brexit are expected to slow.

 

The total demand for silver rose to a three-year high in 2018, while world production of the precious metal fell for the third year in a row in 2018 as well.

 

Separately, the dollar index (against a number of major currencies) stabilized at 96.9 points by 18:27 GMT, with a high of 96.9 points and a low of 96.7 points.

 

At the close of trading, silver futures (May delivery) rose by less than 0.1% and closed at $14.975 an ounce. The metal hit a high of $14.99 and a low of $14.795.

 
 
 
  Symbol Last Change Chg.%
1.1297
0.0079
0.6998%
1.2708
0.0125
0.9938%
15.469
0.601
4.039%
57.358
4.848
9.233%
64.44
2.57
4.15%
1392.805
51.525
3.841%
 
 
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