Commodities

Silver slides 1% by the end

2019-02-12 02:54:42 GMT (Economies.com)

Silver prices fell today under pressure from the strengthening dollar against most major rivals, making greenback-denominated commodities more expensive ahead of anticipated US-China trade talks. 

 

The White House and Congress recently agreed to fund the federal government for three weeks ending February 15. 

 

US Vice President Mike Pence said he expected another government shutdown as no deal between Trump and the Democrats seems likely. 

 

A US delegation led by treasury secretary Steven Mnuchin traveled to China to conduct talks with officials in Beijing in another attempt to reach a compromise and solve the trade dispute. 

 

As of 19:03 GMT, the dollar index rose 0.4% to 97.06, with an intraday high at 97.08, and a low at 96.6. 

 

Silver March futures fell 0.8% to $15.69 an ounce, with a session-high at $15.83, and a low at $15.65. 

 

Silver declined 0.5% to $1,311.9 an ounce, with a session-high at $1,318.7, and a low at $1,307.1. 

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