Silver jumps more than 6%, recoups yesterday's sharp losses

Silver prices rose on Tuesday, recouping yesterday's losses that were more than 5%, as the US dollar fell against most currencies.

Data showed today that the US manufacturing PMI fell to 57.5 points in November from 59.3 points in October, missing analysts' forecasts of 57.9 points.

The dollar index fell against a basket of major currencies by 0.6% to 91.3 points as of 20:47 GMT, after hitting a high of 91.9 points and a low of 91.2 points.

The US administration announced that it would start distributing doses of two Covid-19 vaccines to some citizens in attempts to contain the spreading disease.

Silver March futures rose 6.6% or $1.50, and closed at $24.09 an ounce, after hitting today's high at $24.180, and the low at $22.665.