Silver strives to rebound from one-month low

Economies.com
2017-04-24 17:59PM UTC

Silver prices opened the session sharply lower, hitting a one-month trough before attempting to to rebound following the first round results of France's presidential elections, which cut demand on the safe haven. 

 

Silver prices last traded at $17.87 an ounce, compared to the opening of $17.73, with a session-high at $17.90, and a low at $17.58. 

 

Silver's current decline comes amid growing demand on global stocks and main currencies after centrist Emanuel Macron won the first round of French elections, moving into the final round with far right candidate Marine Le Pen, who called for an exit from the European Union. 

 

On the other hand, the dollar tumbled today after euro's surge to a five-month high, underpinning the white metal in an attempt to recover some losses. 

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