Silver ends lower, logs weekly losses

Silver prices fell during trading hours today, shrugging off the dollar sharp decline, as demand on precious metals declined in favor of stocks markets.

The US and China announced today that they reached the first phase of a substantial trade deal after 2 days round of high-level talks, in preparation for a final agreement.

As part of the deal China will buy more US agricultural products In exchange for US to delay and reduce the tariffs.

President Trump met today with the Chinese Vice Premier Liu He at the White House, and discussed the aspects of that partial deal which could lead to China buying more more US agricultural products and the US removing the tariffs and restrictions on Huawei.

As of 19:06 GMT, the dollar index fell by 0.4% to 98.2 points, with an intraday high of 98.7 and a low of 98.2 points.

Silver futures for December delivery fell by 0.3% to close at $17.544 an ounce, and posted a weekly loss of 0.5%, with a session-high of $17.785 and a low of $17.37.