Silver ends lower for second straight day

Silver prices fell on Wednesday, for the second straight day, despite the US dollar's fall against most major currencies, as the metal was weighed down by news about Covid-19 vaccines.

The American company Pfizer and the German firm BioNTech announced on Wednesday that the recent data from the final phase of the clinical trials on their Covid-19 vaccine showed it was 95% effective.

This came after Moderna announced on Monday that its coronavirus vaccine was more than 94.5% effective in preventing the disease.

The dollar index fell against a basket of major currencies by 0.1% to 92.3 points as of 21:45 GMT, after hitting a high of 92.5 points and a low of 92.2 points.

Silver December futures fell 0.8% or 20 cents, and closed at $24.448 an ounce, after losing 0.6% yesterday, with today's high at $24.780, and the low at $24.235.