Silver heads for weekly loss

Silver prices fell today as they head for their second weekly loss in a row, as the dollar rebounds against a basket of major rivals. 

Silver last traded at $19.60 an ounce, down from the opening price of $19.79, with a session-high at $19.93, and a low at $19.55. 

Silver's drop comes amid waning demand on safe havens in the markets, cutting into silver's chance of a rise. 

The dollar rose versus an array of major currencies, raising pressure on the white metal's futures as they usually go in opposite ways. 

The dollar index, gauging the U.S. currency's performance against a basket of six major rivals, last traded at 97.10, compared to thee opening of 96.83, with an intraday high at 97.16, and a one-week trough at 96.81, as investors take refuge in U.S. treasury bonds, while the dollar draws support from recent upbeat data.