Silver Scales To One-Week High

24 Nov 2022 , 04:16 PM

Silver price were lifted on Thursday to one-week high by positive trend in equities amid improving risk appetite. Asian stocks ended broadly higher on Thursday as optimism over a less hawkish Fed outweighed concerns that a surge in COVID cases in China would weigh on growth. The Nikkei average climbed 0.95 percent to 28,383.09, marking the highest level since Sept. 13. The broader Topix index jumped 1.21 percent to 2,018.80. Chinas Shanghai Composite index, however dropped 0.25 percent to 3,089.31 after the country logged record-high COVID-19 infections, despite stringent measures designed to eliminate the virus. European stocks also advanced. The commodity currently trades at $21.58 per ounce, up nearly 1% on the day. Powered by Commodity Insights