Silver scores more than 1% weekly gain

Economies.com
2020-10-23 21:36PM UTC

Silver prices fell on Friday, despite the US dollar's drop against its peers, but the white metal managed to post a weekly gain.

 

The US manufacturing PMI rose slightly to 53.5 points in October, on par with market forecasts, from 53.2 points in September.

 

The dollar index fell against a basket of currencies by 0.2% to 92.7 points as of 22:18 GMT, after hitting a high of 93.1 and a low of 92.6.

 

Otherwise, no agreement has been reached on the US second aid package to ease the coronavirus impact on the US economy.

 

Silver December futures fell 0.1% or 3 cents, and closed at $24.675 an ounce, but posted 1.1% gain this week, with today's high at $24.980 and the low at $24,500.

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