Silver slides 1% by the end

Economies.com
2019-02-11 19:16PM UTC

Silver prices fell today under pressure from the strengthening dollar against most major rivals, making greenback-denominated commodities more expensive ahead of anticipated US-China trade talks. 

 

The White House and Congress recently agreed to fund the federal government for three weeks ending February 15. 

 

US Vice President Mike Pence said he expected another government shutdown as no deal between Trump and the Democrats seems likely. 

 

A US delegation led by treasury secretary Steven Mnuchin traveled to China to conduct talks with officials in Beijing in another attempt to reach a compromise and solve the trade dispute. 

 

As of 19:03 GMT, the dollar index rose 0.4% to 97.06, with an intraday high at 97.08, and a low at 96.6. 

 

Silver March futures fell 0.8% to $15.69 an ounce, with a session-high at $15.83, and a low at $15.65. 

 

Silver declined 0.5% to $1,311.9 an ounce, with a session-high at $1,318.7, and a low at $1,307.1. 

Commodities News

Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...
Oil News

Commodities

US crude stocks rise unexpectedly
2024-03-27 15:39PM UTC
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...
Silver Analysis

Commodities

Silver price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Silver Price Analysis Silver price faces expected negative pressure to test the key support ...