Silver ends sharply lower, loses safe-haven shine

Economies.com
2019-10-15 19:41PM UTC

Silver prices declined today as investors recovered their risk appetite, amid optimism about a robust earnings season in Wall-street, which dented silver safe haven charm in favor of equities.

 

In addition, European sources revealed that the UK and the EU have drafted a preliminary draft on the Brexit agreement.

 

News agencies reported that the UK and the EU have reached a draft Brexit deal.

 

Several companies and banks released their earnings reports on upbeat note today, to increase optimism about a robust earnings season on Wall Street for the third quarter of this year.

 

Otherwise, the dollar index fell by 0.1% to 98.3 points as of 18:46 GMT, with an intraday high of 98.6 and a low of 98.2 points.

 

Silver futures for December delivery fell by 1.8% to close at $17.384 an ounce, with a high of $17.765 and a low of $17.37.

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