Silver closes over 2% higher

Economies.com
2020-04-07 20:55PM UTC

Silver futures rose on Tuesday, despite investors' aversion to safe havens such as precious metals, but silver was lifted by a retreat in the US dollar against its major peers.


According to John Hopkins University worldwide coronavirus infections rose to 1.4 million, with a death toll of nearly 80,000 victims.


Most global banks and agencies expect a global economic recession, with the US economy to witness the worst impact from the coronavirus.


The dollar index fell by 0.8% to 99.9 points as of 20:43 GMT, after it hit a high of 100.7 and a low of 99.7.


Silver May futures rose 2.1% to close at 15.48 an ounce, after hitting a day high of 15.93 and a low of 15.205.

Commodities News

Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Oil Analysis

Commodities

Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Silver Analysis

Commodities

Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...