Silver suffers from monthly and quarterly losses


Silver suffers from monthly and quarterly losses

Silver prices increased during the trading on Tuesday, the last session of March and the first quarter, but recorded monthly and quarterly losses.

This comes in light of the varied performance of precious metals during the first three months of this year, as some of the investors turned to them as safe havens in the face of the repercussions of the “Corona” virus, while others ignored them with the demand for the US dollar and bonds.

The number of coronas infected worldwide exceeded 840,000, while nearly 41,000 people died of coronavirus.

Meanwhile, the dollar index (against a number of major currencies) stabilized by 19:46 GMT at 99.1 points, and recorded the highest level at 99.9 points and the lowest level at 98.9 points.

At the close of the session, the prices of silver for May delivery contracts increased by 0.2% to $ 14.156 an ounce, and the metal recorded monthly losses in March by 14%, while it recorded quarterly losses in the first quarter by 21%, and reached the highest price in today’s session at 14.50 Dollars and the lowest price at $ 14.055.


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