Silver ends higher, scores weekly gain

Silver prices rose on Friday, as the US dollar fell against most of peers while the US Treasury bond yields retreated.

The preliminary results from the University of Michigan Survey of Consumers, showed that the index rose to 86.5 points in April, slightly lower than forecasts of 88.9 points.

The 10-year US Treasury bond yields fell below 1.6% today, which weighed down on the US dollar.

The dollar index fell against a basket of major currencies by 0.1% to 91.6 points as of 19:53 GMT, after hitting a high of 91.8 points and a low of 91.4 points.

Silver May futures rose 0.5%, and closed at $26.11 an ounce, and posted a weekly gain of 3.1%, after hitting a day high at $26.380 and the low at $25.795.