Silver is trying to recover from a 4-month low after strong Chinese data

The price of silver on the European market rose on Wednesday in the first gain in three days, as attempts to recover from the lowest level in four months, support the rise of copper after strong Chinese data, and the decline of the US dollar against a basket of currencies.

Silver prices rose 0.8% to $ 15.09 an ounce from the opening level of $ 14.97 and the lowest at $ 14.97.

Silver ended yesterday's trading flat with little change after recording a four-month low of $ 14.84 an ounce the day before.

Copper prices rose more than 1 percent on Wednesday, the highest level in two weeks, leading to the rise of most of the prices of industrial metals, after strong economic data in China, "the largest consumer of metals and commodities in the world."

China's industrial output jumped to 8.5% in March, its highest growth since July 2014, according to the data.

The dollar index fell by 0.25%, reversing the decline of the US currency against a basket of global currencies, which supports the rise in the prices of metals and commodities denominated in US dollars.


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