Silver dips as dollar regains footing

Silver futures fell in American trade as the dollar regained its footing, following a basket of data from the US, the world's largest economy. 

As of 06:56 GMT, silver futures due on December 15 rose 0.37% to $17.010 an ounce from the opening of $17.073, while the dollar index inched up 0.02% to 93.85 from the opening of 93.83. 

Earlier US data showed consumer prices rose just 0.1% in October in line with expectations, down from September's 0.6% increase, while core prices, excluding food and fuel, rose 0.2% m/m, matching forecasts and above September's 0.1% reading. 

US retail sales rose 0.2% m/m in October, beating expectations of no-change and slowing down sharply from September's 1.9% rise, revised higher from 1.6%, while core sales, excluding automobiles, rose 0.1%, below expectations of 0.2%, and compared to September's 1.2% rise, revised higher as well from 1.0%. 

The Empire State Manufacturing Index slid in November to 19.4, missing expectations of 25.5 and sharply down from October's 30.2. 

On another note, Federal Reserve Chicago Governor Charles Evans spoke in London in a discussion panel, where he said all options are on the table for the Federal Reserve in December, according to the economic data available until then. 

Evans said the Fed will take three to four years before putting the balance sheet back to normal size, expressing his concerns about factors limiting growth of inflationary pressures in the US, despite asserting the strong and solid foundation of the economy.