Silver muscles up for third session away from six-week trough

Silver futures rose nearly one percent away from the lowest since May 12 as the dollar index edged lower, following earlier data from the world's largest economy. 

As of 07:19 GMT, silver futures due on September 15 jumped 0.95% to $16.730 an ounce from the opening of $16.580, while the dollar index slid 0.35% to 97.25 from the opening of 97.59.

Earlier US data showed the preliminary readings for both manufacturing and services PMI down in June, while new home sales rose past expectations in May. 

Markets now await Federal Open Market Committee member Jerome Powell's speech later today, titled "Central Clearing and Liquidity" at the Federal Reserve Bank of Chicago Symposium on Central Clearing