Silver prices have fluctuated during Friday's trading with the end of the week and in light of conflicting expectations in the markets which impact on the prices of goods and the movement of the dollar results in a fluctuation in the price of silver in today's session.
Silver prices are currently trading at $ 19.93 per ounce, after recording the highest at $ 20.21 an ounce and the lowest level at $ 19.73 an ounce and was opened today's session at $ 19.99 an ounce.
The current volatility in silver prices comes amid lack of clarity of direction in the market given the decline in the dollar levels and the deterioration of expectations regarding the future growth in the US economy after the negative data released from the US economy.
On the other hand, we find that the dollar is still suffering from the decline against major currencies after the positive impact of the employment data sector end of which is paid to the negative correction to offset earlier gains, to positively influence the silver trading under the inverse relationship between them. Which resulted in fluctuation and lack of clarity in silver trading.
Trading the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently at the level of 95.65, after the record lowest level in a week at 95.25 and was opened today's trading at the 95.90 level, recording the highest at 95.99. This comes after the release of US data today which showed a deterioration in the household sector spending on retail sales.
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