Silver regains footing, ends 2% higher
Economies.com
2021-02-03 21:19PM UTC
Silver futures rose on Wednesday as the US dollar paused its rally despite better-than-expected US data.
ADB data showed that the US private sector has added 174K new jobs during January, beating forecasts of 48K jobs.
The ISM services PMI rose to 58.7 points last month, and beat forecasts of 56.7 points.
The dollar index held against a basket of major currencies at 91.1 points as of 21:06 GMT, after hitting a high of 91.3 points and a low of 90.9 points.
Silver March futures rose 1.8% or 49 cents, and closed at $26.889 an ounce, with today’s high at $27.260, and the low was at $26.545.
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