Silver closes above $19 for first time since September 2019

Silver futures rose on Wednesday, to post the highest in 11 months, as the US dollar fell against its rivals, while the markets focused on the latest developments in the coronavirus crisis.

The US health authorities reported today that new cases of Covid-19 virus reached 60,000 confirmed cases, the largest daily increase since the start of the crisis.

White House chief economic adviser Larry Kudlow said that reimposing coronavirus-restrictions is a "big mistake" and another lockdown would be very harmful for the US economy.

The dollar index fell against a basket of currencies by 0.4% to 96.4 points as of 20:06 GMT, after it hit a high of 97.05 and a low of 96.4.

Silver September futures rose 2.5% to close at the highest since September 2019 of $19.161 an ounce, after hitting a day high of $19.215 and a low of $18.585.