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Silver drops nearly 2% on rising dollar
2021-09-16 11:59:23 GMT
(Economies.com)
Silver prices lost nearly 2% on Thursday, near a 3-week low, due to worries over China's demand, while the US dollar rose against its peers.
Silver prices fell nearly 2.0% to $23.40 an ounce, after opening at $23.84, and hit a high of $23.96.
Silver closed lower by 0.1% yesterday, after weak data in China, and after recovery attempts from the 3-week low of $23.37 stopped.
Data showed on Wednesday that Chinese retail sales fell to the lowest level in a year in August.
The dollar index rose over 0.35% today against a basket of major rivals, which weighs down on dollar-denominated metals prices.
Investors are still buying up the greenback ahead of the US monthly retail sales and the weekly jobless claims data.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1311
|
0.0041
|
0.3602%
|
|
|
|
|
1.3318
|
0.0008
|
0.0567%
|
|
|
|
Tadawul
|
10810.60
|
-60.02
|
0.55%
|
|
|
|
|
22.882
|
-0.163
|
0.705%
|
|
|
|
|
68.593
|
-3.808
|
5.260%
|
|
|
|
|
72.57
|
-0.87
|
1.18%
|
|
|
|
|
1795.430
|
10.340
|
0.579%
|
|
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