Silver closes higher despite improved risk-appetite

Silver prices rose on Thursday, despite investors' risk appetite in assets such as stocks over safe havens like precious metals, which came after upbeat statements about the trade deal.

President Donald Trump said that the US is getting very close to a big deal with China, and expressed both sides' desire to end the longrunning trade dispute.

Bloomberg, citing sources close to talks, reported that US and Chinese negotiators have agreed on the terms of the phase one trade deal in principle, pending the President Donald Trump’s signature, which led to US stocks jump to record highs.

Otherwise, the dollar index fell against a basket of major currencies by 0.1% to 97.3 points as of 21:01 GMT, and hit an intraday high of 97.5 and a low of 97.04.

Silver futures (March delivery) rose 0.6% and closed at $16.949 an ounce, with a high of $17.185 and a low of $16.82.