Silver ends lower but logs weekly gain

Silver prices fell in today's trading - in contrast to the movements of gold - in light of the rise of the dollar against most major currencies and the market's demand for precious metal.

Metals, including silver, received support this week from the US Federal Reserve's decision, which raised concerns about US economic growth this year, with a 2.1% growth forecast compared to a previous forecast of 2.3% growth.

From his part, US President "Donald Trump" yesterday said that without the central bank and its monetary policy tightening, the economy would have recorded growth of more than 4% last year.

Concerns about the global economy rose today after weak data from industrial activity in the eurozone, which recorded the largest monthly decline in six years.

Meanwhile, by 18:34 GMT, the dollar index (against a number of major currencies) rose by 0.4% to 96.7 points, with a day high of 96.8 points and a low of 96.2 points.

Silver (May delivery) fell by 0.2% and closed at $15.407 an ounce, with a weekly gain of 0.5%, while the day's highest was $15.55 and the lowest at $15.36.