Silver ends higher, scores 4% weekly gain

2020-05-23 01:07:16 GMT (Economies.com)
Silver ends higher, scores 4% weekly gain

Silver futures rose on Friday, on safe haven demand amid fears over a renewed trade war between the US and China.

 

This came after the Trump administration accused China of mishandling the coronavirus outbreak and blaming it for the global pandemic and the death of hundreds of thousands of victims.

 

The White House Health Adviser Anthony Fauci stressed today on the importance of reopening the US economy, or the coronavirus impact will be more than expected on the long term.

 

The dollar index rose against a basket of currencies by 0.5% to 99.8 points as of 23:03 GMT, after it hit a high of 99.8 and a low of 99.3.

 

Silver July futures rose 1.9% or 32.9 to close at $17.693 an ounce, and gained 3.7% this week, with a day high of $17.77 and a low of $17.19.

 
 
 
  Symbol Last Change Chg.%
1.1234
0.0115
1.0329%
1.2574
0.0160
1.2856%
Tadawul
7222.41
-62.82
0.86%
17.642
-0.437
2.417%
36.742
2.255
6.539%
39.50
-0.09
0.23%
1698.300
-34.385
1.984%
 
 
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