Silver edges down away from this week's highs

Economies.com
2017-02-09 17:54PM UTC

Silver prices inched down on Thursday away from a three-month high hit yesterday as the dollar rebounds against a basket of rivals after U.S. president Donald Trump reiterated his promise to cut corporate taxes.
 
Silver last traded at $17.70 an ounce, down from the opening price of $17.73, with an intraday high at $17.83, and a low at $17.59.
 
The dollar returned higher today after a negative start in the Asian session after Trump announced he's on track to cut taxes in the next few weeks, underpinning the dollar and hurting the white metal.
 
On the other hand, gold reversed lower today, which hurt silver prices as they usually go together, with the white metal going into profit-taking mode after hitting a three-month high earlier this week.

Commodities News

Gold News

Commodities

Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Oil News

Commodities

Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Gold News

Commodities

Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...

Commodities Technical Analysis

Oil Analysis

Commodities

Oil price will reach $100 in 2024? Expert analysis and which are the best brokers for trading it
2024-05-01 11:23AM UTC
Technical Forecasts for Oil Prices The Best 2 Oil Trading Brokers for This Year The ...
Brent oil Analysis

Commodities

Brent oil price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Brent Oil Price Analysis: Expected Scenarios Brent oil price resumes its negative trading to ...
Silver Analysis

Commodities

Silver price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Silver Price Analysis: Expected Scenarios Silver price settles below the broken neckline of the ...