Silver scores 8% weekly gains

Silver futures rose on Friday, as the US dollar's rally paused, in addition to concerns over the coronavirus impact on the US economy after the release of weak data.

In April the US retail sales index fell by 16.4%, exceeding expectations for a 12% decline.

The US retail sales index fell by 16.4% in April, worse than forecasts of 12%.

The dollar index held at 100.4 points as of 19:56 GMT, after it hit an intraday high of 100.4 and a low of 100.08.

Many countries are racing to develop an anti-corona vaccine, or at least a treatment, in efforts to save millions.

Silver July futures rose 5.7% or 91.4 cents to close at $17.07 an ounce, and posted weekly gains of 8.2%, after hitting a day high of $17.15 and a low of $16.155.