Commodities

Silver closes higher, recovers earlier losses

2019-09-10 20:21:25 GMT (Economies.com)

Silver rose today unlike gold, as silver was successful in attracting haven demand after concerns emerged in the markets due to Trump's decision to dismiss the US national security adviser.

 

Trump said that he had fired national security adviser John Bolton due to deep fundamental disagreements between him and Bolton, and he will nominate a new figure for the post by next week.

 

Otherwise, by 20:00 GMT, dollar index rose by 0.1% to 98.3 points, with an intraday high of 98.4 and a low of 98.2.

 

The markets are also anticipating the ECB and the US Fed meeting this week and the next, in addition to the US-China trade talks.

 

Silver futures (December delivery) rose by 0.1% or 1.9 cents to $18.186 an ounce, with a high of $18.265 and a low of $17.855.

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