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Silver price little changed

Tuesday, 30 September 2014


The price of silver for immediate delivery has seen little change today as a fall in Asian equity markets boosted demand for the precious metal as an alternative investment, offsetting downward pressure from dollar strength. Shares across Asia fell as tens of thousands of protesters took the streets in Hong Kong, pressing for free and open elections. The Nikkei 225 index was down 0.84 per cent, or 137.12 points, at 16173.52 as of 08:28 BST while Hong Kong’s Hang Seng Index fell 0.92 per cent, or 225.14 points, to 23007.71 as of 08:42 BST. The US dollar index (DXY) reached a four-year high yesterday, helped by a strong US economic outlook and the Fed's forecasts for higher interest rates. The gauge is set to post its biggest monthly gain in over a year, according to invezz.com