Silver ends over 4% higher, posts biggest daily gain since February

2021-05-04 00:49:24 GMT (Economies.com)
Silver ends over 4% higher, posts biggest daily gain since February

Silver prices rose on Monday, and scored the largest daily gain in dollars and percentage since February, as the US dollar fell against most of its peers.

 

Despite some countries containing the Covid-19 pandemic, India is still an exception to this, as it is now facing a sharp spike in the infection rate and deaths, while the health system is being overwhelmed.

 

The US Federal Reserve decided last week to keep the interest rate between 0.0% and 0.25% unchanged.

 

The dollar index fell against a basket of currencies by 0.3% to 90.9 points as of 21:29 GMT, after it hit a high of 91.3 points and a low of 90.8 points.

 

Silver July futures rose 4.2% or 13 $1.09, and closed at $26.96 an ounce.

 
 
 
  Symbol Last Change Chg.%
1.2081
-0.0092
0.7521%
1.4032
-0.0104
0.7346%
Tadawul
10322.68
86.96
0.85%
26.988
-0.817
2.937%
64.740
-0.652
0.997%
67.79
-1.53
2.21%
1817.285
-26.940
1.461%
 
 
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