Silver rises as October wraps up
Economies.com
2020-10-30 13:17PM UTC
Silver prices rose on Friday, as the dollar fell against most of its counterparts, after the market absorbed the strong US economic data.
Silver drew support from fear of the coronavirus crisis in several countries after some governments re-imposed public lockdown restrictions to curb the virus spread.
The dollar index fell against a basket of currencies by 0.3% to 93.7 points as of 14:00 GMT, after it hit a high of 93.9 and a low of 93.6.
The advanced reading for the US GDP showed growth by 33.1% during the third quarter.
Silver December futures rose 2% to $23.85 an ounce as of 14:04 GMT, with a high of $23.88 and a low of $23.23.
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