Silver ends higher on strong demand prospects

Economies.com
2019-02-15 19:53PM UTC

Silver rose alongside gold as dollar steadies and on hopes for a US-China trade agreement. 

 

US President Trump said his administration is still not near a full trade agreement with China. 

 

He nonetheless asserted negotiations are going very well, with financial markets improving in response and nearing recent record highs. 

 

Trump officially announced an emergency state to combat the security breaches at the southern border with Mexico. 

 

Trump also announced his displeasure with the recent government funding bill in Congress, which only grants him $1.7 billion to fund the border wall. 

 

The dollar index steadied at 97.06, with an intraday high at 97.3, and a low at 97.02. 

 

Silver rose 1.4% to $15.743 an ounce, with a weekly loss of 0.4%, with a session-high on Friday at $15.765, and a low at $15.525. 

 

As of 18:06 GMT, gold rose 0.5% to $1,320 an ounce, with a session-high at $1,323.1, and a low at $1,314.3. 

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