Silver regains footing as dollar skids

Silver prices rose on Thursday, as the US dollar fell against most of its counterparts, despite the release of positive data.

The US Department of Labor showed that the unemployment claims were at 310K last week from 345K, better than forecasts of 343K.

The European Central Bank decided to keep the interest rates unchanged, and stressed on moving forward with the Pandemic emergency purchase programme (PEPP), which is worth 1.85 trillion euros per month until March 2022.

The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 18:30 GMT.

Silver spot contracts price rose 0.3% to $24.2 an ounce as 18:30 GMT, with a high of $24.3 and a low of $23.8.