Silver finishes higher, logs 4% weekly gain

Silver futures rose on Friday, as the US dollar dropped against it peers, to post weekly gains on growing safe-haven demand.

Silver and other precious metals were lifted this week by the coronavirus crisis and the spike of infections worldwide.

The World Health Organization warned that the coronavirus has not reached it peak yet and it's still spreading at a high rate, which makes it hard to be contained, and also warned against closed and crowded places.

The dollar index fell against a basket of currencies by 0.1% to 96.6 points as of 21:08 GMT, after hitting a high of 96.9 and a low of 96.4.

Silver September futures rose 0.5% to close at $19.53 an ounce, and posted weekly gains of 4%, with a day high of $19.195 and a low of $18.81.