Silver falls on firm dollar

2021-10-11 22:04:37 GMT (Economies.com)
Silver falls on firm dollar

Silver prices fell on Monday, due to the US dollar's rise against most currencies, amid focus on inflation signals in major economies.

 

Members of the European Central Bank hinted that the bank may decide during its next meeting in December to end the pandemic quantitative easing programs.

 

Optimism about containing the coronavirus is growing, especially after Merck announced that it had applied to the FDA for an emergency use for its anti-viral drug.

 

The dollar index rose against a basket of major currencies by 0.3% to 94.3 points as of 19:54 GMT, after hitting a high of 94.3 points and a low of 94.03 points.

 

Silver spot prices fell 0.5% to $22.6 an ounce as of 19:54 GMT, with a day high at $22.8, and a low at $22.4.

 
 
 
  Symbol Last Change Chg.%
1.1603
-0.0009
0.0805%
1.3738
-0.0031
0.2259%
Tadawul
11807.79
-43.89
0.37%
24.077
-0.399
1.630%
82.198
-2.729
3.213%
84.25
-2.17
2.51%
1796.195
-7.850
0.435%
 
 
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