Silver ends higher, but logs weekly loss

2020-11-20 23:26:02 GMT (Economies.com)
Silver ends higher, but logs weekly loss

Silver prices rose on Friday, as the US dollar rose against most of its peers, but the precious metal posted a weekly loss.

 

Precious metals fell under pressure this week after The pharmaceutical giant Pfizer and the German firm BioNTech announced on Wednesday that the recent data from the final phase of the clinical trials on their Covid-19 vaccine showed it was 95% effective.

 

Both Pfizer and Moderna are awaiting the distribution license of their vaccines, which is badly needed after the record spike of infections in the US and several other countries.

 

The dollar index rose against a basket of major currencies by 0.1% to 92.4 points as of 21:51 GMT, after hitting a high of 92.4 points and a low of 92.2 points.

 

Silver December futures rose 1.3% or 32 cents, and closed at $24.363 an ounce, with a weekly loss of 1.7%, after hitting today's high at $24.600, and the low at $23.955.

 
 
 
  Symbol Last Change Chg.%
1.1924
0.0030
0.2489%
1.3330
-0.0053
0.3990%
Tadawul
8693.47
65.41
0.76%
23.273
-0.772
3.213%
45.310
2.485
5.803%
48.07
0.24
0.50%
1808.655
-57.855
3.100%
 
 
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