Silver resumes losses near 2-month low as dollar rises

2021-12-06 12:54:42 GMT (Economies.com)
Silver resumes losses near 2-month low as dollar rises

Silver prices fell on Monday, resuming losses after the recovery attempts from a 2-month low halted, weighed down by the US dollar's rise against its peers, and weak demand in China.

 

Silver prices fell 1.2% to $22.29 an ounce, after opening at $22.58, and and hit a day high at $22.59.

 

Silver closed higher by 0.7% on Friday, within recovery attempts from a 2-month low of $22.03 hit on Thursday.

 

Silver prices rose on Friday after disappointing US jobs data for November.

 

Silver prices lost 2.5% last week, the third straight weekly loss, due to weak demand in China.

 

The dollar index rose 0.2% on Monday for the fourth straight session against a basket of major rivals.

 

The Chinese authorities continue to impose measures to support the economic recovery, as the country is on track for the worst growth rate in a long time.

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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