Silver ends higher, scores more than 1% weekly gains

Silver futures closed higher on Friday, as the US dollar held against its counterparts, and the precious metal posted weekly gains .

US Treasury Secretary Janet Yellen said earlier this week that the lockdown restrictions might get extended to the end of this year if the Congress does not pass Joe Biden's $1.9 trillion stimulus plan.

Meanwhile, US President Joe Biden is pressing the Congress to pass his stimulus plan to support the US economy.

The dollar index held against a basket of major currencies at 90.4 points as of 20:52 GMT, after hitting a high of 90.7 points and a low of 90.3 points.

Silver March futures rose 1% or 28 cents, and closed at $27.328, with weekly gains of 1.1%, today's high at $27.5 and the low at $26.910.