Silver dips as path muddled

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Silver dips as path muddled

Silver prices fell today as it engaged in sideways trading on waning demand for the safe haven and as the path forward remained unclear as investors wait for more clues regarding the global economic conditions.

Silver last traded at $15.14 an ounce, down from the opening price of $15.20, with an intraday low at $15.00, and a high at $15.32, while silver rose yesterday to a session-high at $15.56.

Silver's current losses come as demand weakens for the safe haven in the markets as investors remain undecided, while gold on the other hand rose conversely.

Silver's woes today come despite the sliding dollar against major rivals, following mixed U.S. data. The dollar's weakness would've have otherwise buoyed the silver according to their inverse relation.

Dollar's current tepidness comes after earlier mixed U.S. data which added to the investors' confusion over the outlook of the American economy.

The dollar index, which measures the greenback versus a basket of major rivals, fell to a session-low at 97.27 from the opening level of 97.49, with a high at 97.71, while last trading at 97.38, which comes after the index hit a three-week high yesterday at 97.90.

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