Silver edges up, dollar slips for third session in Asia

Silver futures heaved up in Asian trade while the dollar index slipped from June 29 highs for the third straight session, ahead of US industrial data later today, and the first half of Federal Reserve Chair Jerome Powell's Congress testimony in Washington. 

As of 05:04 GMT, silver futures due on September 15 rose 0.15% to $15.84 an ounce from the opening of $15.82, while the dollar index slipped 0.05% to 94.47 from the opening of 94.51. 

US Data, Powell's testimony 

Now markets await US industrial production data, expected to clock in a 0.5% growth in June, compared to a 0.1% dip in May, while the Capacity Utilization Rate is expected to have risen to 78.4% from 77.9% in May. 

Federal Reserve Chair Jerome Powell will present the first half of his testimony on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC later today.

Powell will present the second half before the House Financial Services Committee tomorrow, with investors looking for clues on future monetary policies and interest rate hikes this year.