Silver hits two-week high as copper rises, dollar falls

Economies.com
2019-02-18 12:15PM UTC

Silver prices rose on Monday for the third session, marking two-week highs as copper rose as well while dollar fell against most rivals. 

 

Silver rose 0.25% as of 12:05 GMT to $15.80, with a session-low at $15.75, and a two-week high at $15.83. 

 

The white metal rose 1.1% on Friday, the second profit in a row as copper prices rose as well. 

 

Copper rose 0.8% on Monday on concerns of lower supplies in the market, while US-China trade talks achieve progress. 

 

Optimism is rising for US-China trade talks, with both Chinese and US Presidents praising progress in negotiations. 

 

President Trump said he'd be happy to cancel tariffs if a deal is reached with China, adding his administration is nearer that goal than ever. 

 

Chinese President Xi Jinping also said the talks will carry on in Washington this week, hoping for an agreement soon before the truce deadline in early March. 

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