Silver ends higher on renewed trade anxiety

Silver prices soared today and posted back-to-back gains, buoyed by increased safe-haven demand on precious metals while equities reeled, amid renewed trade worries after new threats about the US-China trade talks.

US President Donald Trump has warned China to increase tariffs on its exports to the United States if it does not sign the first phase of the final trade deal.

President Donald Trump threatened to increase tariffs against Chinese imports, if Beijing does not sign the first phase of the trade deal.

Similarly, the Chinese stressed concerns about Trump administration's tougher stance toward canceling the Chinese tariffs or even the planned tariffs hike.

Otherwise, the dollar index held against a basket of major currencies at 97.8 points as of 20:48 GMT, and hit an intraday high of 97.8 and a low of 97.7.

Silver futures for December delivery rose by 0.7% and settled at $17.118 an ounce, with a high of $17.16 and a low of $16.935.