Silver on track for fourth weekly decline in a row

Silver prices wavered on Thursday, on track for the fourth weekly loss in a row, amid mounting pressures due to dollar's strength. 

Silver last traded at $16.24 an ounce, compared to the opening of $16.18, with a session-high at $16.38, and a low at $16.15. 

Silver's wavering comes as gold prices rise today, but selling pressures forced the white metal into sideways trading. 

Otherwise, the dollar rose to a three-week high today following strong U.S. unemployment claims data, hurting silver prices and forcing it to waver.