Silver posts 3% weekly loss

2020-10-16 21:51:47 GMT (Economies.com)
Silver posts 3% weekly loss

Silver prices rose on Friday, as the US dollar fell against its peers, but posted weekly losses after the release of upbeat economic data.

 

The US retail sales index rose 1.9% in September, beating forecasts of 0.7%, and the first reading of the University of Michigan's consumer confidence survey rose to the highest level since March at 81.2 points.

 

The dollar index fell against a basket of currencies by 0.1% to 93.7 points as of 22:23 GMT, after it hit a high of 93.8 and a low of 93.5.

 

Silver December futures rose 0.8% or 18 cents, to close at $24.405 an ounce, with a 2.8% weekly loss, after hitting today's high at $24.660 and the low at $24.185.

 
 
 
  Symbol Last Change Chg.%
1.1835
0.0056
0.4729%
1.3027
0.0040
0.3107%
Tadawul
8154.59
-312.66
3.69%
24.304
-0.469
1.895%
39.159
-1.784
4.356%
41.77
-0.87
2.04%
1897.815
-14.200
0.743%
 
 
Live Forex Updates