Silver edges up on haven demand

Silver prices rose modestly today to near a two-week high hit yesterday, even as the dollar stopped rising against a basket of currencies, and amid demand on safe havens in the markets. 

Silver last traded at $17.54 an ounce, compared to the opening of $17.53, with a session-high at $17.58, and a low at $17.43. 

Silver's rise comes amid upward demand on safe havens in the markets due to selling pressures on U.S. and global stocks, adding to concerns about global trade after the G20 meetings saw the dropping of the pledge to keep trade open and free. 

The dollar stopped falling today against a basket of currencies after statements from Fed official expressing her desire to see more than three hikes this year, but demand on safe havens offset dollar's usually negative impact. 

The dollar index, tracking the greenback versus an array of six major counterparts, inched down to 99.63 from the opening of 99.69, with an intraday high at 99.91, and a low at 99.55.