Silver posts more than 6% of weekly gains

Silver prices fell slightly at the end of trading today, but posted the largest weekly gains since the beginning of July 2016, when reached a weekly gain of 10.1%.

US dollar index (against a number of major currencies) rose by 0.3% to 97.1 points at 19:17 GMT, reaching a high of 97.1 points and a low of 96.7 points.

This comes as speculation about the Fed's interest rate cut rises after a central bank member said it is necessary to act to counter signs of slower US economic growth.

These remarks reflected what the central bank chairman Jerome Powell said in his testimony before the Congress last week, during which he spoke of the risks to the economy, led by the trade war and the slowing global economic growth.

At the end of the session, silver futures (September delivery) fell by half a cent to $16.195 per ounce, gaining 6.3% this week, with the highest price at $16.625 and the lowest at $16.08.