Silver is declining under pressure from positive dollar stability and the release of strong data

 Silver prices fell during trading today, Friday, amid the stability of the dollar against most of the major currencies, and after the release of positive economic data, as the precious metal moved away from the barrier of 1800 dollars an ounce.

Economic data released today revealed that the retail sales index in America rose by 0.7% during the past month, while analysts' expectations indicated a decrease of 0.2%, and the index rose by its core value, excluding volatile goods, by 0.8%, exceeding expectations for an increase of 0.5%.

The Fed revealed in its minutes released on Wednesday of its September meeting that members discussed a plan to start reducing asset purchases of $15 billion a month starting in mid-November.

On the other hand, the dollar index (which measures the performance of the US currency against a basket of major currencies) settled by 19:29 GMT at 93.9 points, and recorded the highest level at 94.07 points and the lowest level at 93.8 points.

In terms of trading, spot silver contracts decreased by 19:31 GMT by 0.5% to $23.3 an ounce.