Prices of precious metals fall, Silver drops 2%

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Precious metals prices declined Monday as the dollar’s value increased. At 12:10 am ET, the dollar index was up 0.43% to 103.0272, while the greenback increased by 0.48% against the euro to sell for 0.92658. The American currency started the week higher after the OPEC+ announcement that it would reduce the production of the commodity by more than 1 million barrels per day. At 12:11 am ET, Silver dropped 2.08% to sell at $23.60 per ounce, and gold fell 0.97% to $1,950.94 per ounce. At the same time, palladium gained 0.59% to go at $1,453.72 per ounce, while platinum grew 0.75% to $985.77 per ounce.