Silver falls again and marks weekly loss

Economies.com
2017-04-21 18:30PM UTC

Silver prices fell on Friday for the fifth session in a row amid selling pressures on the white metal on profit-taking, while the dollar rebounds today. 

 

Silver last traded at $17.93 an ounce, down from the opening of $17.97, with a session-high at $18.04, and a low at $17.79. 

 

Silver's drop today comes on profit-taking that started this week, with the white metal marking a weekly decline. 

 

On the other hand, the dollar rose today on the back of upbeat U.S. housing data, and after U.S. treasury secretary Mnuchin announced they're in the final stages of drawing up a tax reform plan.

 

Additionally, demand waned on safe haves while sentiment improved, with global stocks gaining ground overall this week. 

Commodities News

Gold News

Commodities

Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Palladium News

Commodities

Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Oil News

Commodities

Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Brent Oil Price Analysis Key Points: Brent oil price has resumed positive trading, finding ...
Oil Analysis

Commodities

Crude oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key ...
Silver Analysis

Commodities

Silver price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Silver Price Analysis Key Points: Silver price is currently trading positively, influenced ...