Silver end higher as dollar falls

Silver prices rose on Thursday, as the US dollar fell against most of its peers and weak US data.

US President-elect Joe Biden will reveal later today his plan to launch further Covid relief during the first year of his term, with some estimates putting it at $2 trillion. 

Data showed today that the initial unemployment claims in the US rose to 965,000 last week, worse than forecasts of 785,000.

The dollar index fell against a basket of major currencies by 0.1% to 90.2 points as of 20:10 GMT, after hitting a high of 90.5 points and a low of 90.0.8 points.

Silver March futures rose 0.9% or 23 cents, and closed at $25.802 an ounce, with today’s high at $25.990, and the low at $25.095.