Silver closes higher amid falling dollar and the release of weak data

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Silver closes higher amid falling dollar and the release of weak data

Silver prices rose during trading today, Tuesday, amid a decline in the dollar against most of the major currencies, as well as the release of weak economic data.

Conference board data revealed that the index of economic confidence fell to 117.2 points this month from 117.5 points last month, while analysts’ expectations indicated that the index would rise to 119 points.

This, and efforts continue worldwide to control the Corona virus by distributing more vaccines against the disease and imposing some precautionary measures and closures.

On the other hand, the dollar index (against a basket of major currencies by 20:53 GMT) decreased by 0.2% to 89.6 points, and recorded the highest level at 89.8 points and the lowest level at 89.5 points.

At the conclusion of trading, silver futures for July delivery rose 0.5%, or the equivalent of 15 cents, and the precious metal closed at $ 28.06 an ounce, and the session’s highest price was at $ 28.160 and the lowest price at $ 27,545.







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