Silver on track for fourth daily loss

Silver prices fell on Thursday for the fourth day in a row to a six-week low as demand weakens on commodities in general amid expectations for a U.S. rate hike in the Federal Reserve's meeting next week.
 
Silver last traded at $17.03 an ounce, down from the opening of $17.21, with a session-high at $17.27, and a low at $16.99.
 
Silver's decline comes amid growing concerns about investments moving away from the commodity markets to the banking sector in case the Federal Reserve hiked interest rates next week as widely expected.

The dollar fell today against a basket of currencies, but that failed to prop up the white metal, as negative pressures piled on it and pushed it down.
 
The dollar index, tracking the greenback against a basket of currencies, fell to 101.90 from the opening of 102.07, with a session-low at 101.69, and a high at 102.23.