Silver spot price: The dollar traded unchanged or lower against its other G10 counterparts
Chicago (Mar 4) The dollar traded unchanged or lower against its other G10 counterparts during the European morning as investors reversed the recent risk-off trades. It depreciated against NOK, SEK, EUR, AUD and GBP, while it remained near its opening levels against NZD, CAD, CHF and JPY.
The story that ended, or at least paused, the risk-off trades was a report that President Putin ordered the end of military exercises. Gold, silver and oil responded to the news and fell sharply. Furthermore, all the European stock markets were higher and the Eastern European currencies (RUB, PLN and HUF) that had suffered recently were the main gainers among the EM representatives.
Spot Silver was lower by 31 cents to $21.17 in wake of Russian military withdrawal.