Silver closes higher amid positive stability of the dollar


Silver closes higher amid positive stability of the dollar

Silver prices rose during trading today, Wednesday, amid positive stability of the dollar against most of the major currencies, and ahead of the release of economic data.

The yield on US 10-year Treasury bonds fell below 1.5% for the first time since May 7.

Tomorrow, the five inflation data in America will be released, which showed some signs of a recent rise, which negatively affected the performance of Wall Street and the bond markets. Expectations are for a rise in the consumer price index by 0.4%.

Tomorrow will also release the weekly jobless claims data in America, which reveals preliminary features regarding the course of the labor market.

On the other hand, the dollar index rose against a basket of major currencies by 19:22 GMT by less than 0.1% to 90.1 points, and recorded the highest level at 90.1 points and the lowest level at 89.8 points.

At the close of trading, silver futures contracts for July delivery rose by 1%, or 27 cents, and the precious metal closed at $28 an ounce.


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