Silver futures rose nearly one percent in American trade away from the lowest since August 8 for the fifth session in a row, even as the dollar index advanced for the first time in five session, following a basket of data from the US, the world's largest economy. 

As of 06:44 GMT, silver futures due on December 15 muscled up 0.80% to $17.270 an ounce from the opening of $17.133, marking the highest since September 26, while the dollar index inched up 0.08% to 93.09 from the opening of 93.01. 

Earlier US data showed unemployment claims fell more than expected last week, as producers prices grew 0.4% in line with expectations in September, as core prices accelerated to 0.4% beyond forecasts. 

Federal Open Market Committee member Lael Brainard participated in a panel discussion about monetary policy at the Peterson Institute for International Economics, in Washington DC, while Jerome Powell delivered a speech titled "Prospects for Emerging Market Economies in a Normalizing Global Economy" at the Institute of International Finance Annual Membership Meeting, in Washington DC as well.

On Wednesday, the Federal Reserve released the minutes for its September meeting, at which policymakers voted to hold interest rates unchanged at between one percent and 1.2% for the second session, while paving the way for normalizing the balance sheet by October. 

silver  futures are rebounding on strong haven demand, amid renewed concerns about North Korea, after reports of Pyongyan's readiness to test long-range ballistic missiles that could reach the US western coast.  

Oil futures fell over one percent as the dollar index advanced for the first time in five sessions, following an array of data from the US, the world's largest energy consumer, including the EIA report that showed another inventory drawdown. 

As of 05:56 GMT, US crude futures due on November 15 slid 1.29% to $50.64 a barrel from the opening of $51.30, while Brent crude futures due on December 15 tumbled 1.07% to $56.33 a barrel from the opening of $56.94, as the dollar index added 0.12% to 93.13 from the opening of 93.01. 

Earlier US data showed unemployment claims fell more than expected last week, as producers prices grew 0.4% in line with expectations in September, as core prices accelerated to 0.4% beyond forecasts. 

Fed member member Lael Brainard participated in a panel discussion about monetary policy at the Peterson Institute for International Economics, in Washington DC, where she said in case of a future recession, it might be better to organize the rate hike process by committing to zero level rates until inflation hits the target, noting that a delayed march by inflation towards 2% is enough case against early rate hikes. 

The Energy Information Administration released its report on US crude stocks, showing a deficit of 2.8 million barrels in the week ending October 6, adding to the previous reading's 6.0M drop, while analysts expected a 1.9M drawdown, with total stocks now falling to 462.2 million barrels, still remaining within the upward range on average in this time of year. 

Otherwise, gasoline stocks in the world's largest energy consumer rose 2.5 million barrels, remaining within the upward range on average in this time of year, while distillate stocks, including heating fuel, fell 1.5 million barrels, remaining within the downward range on average in this time of year.  

Earlier as well, the International Energy Agency released its monthly report, at which it forecast global demand growth for oil next year at 1.4 million bpd, while forecasting an increase in oil supplies outside OPEC by 700 thousand bpd in 2017, and by 1.8 million bpd in 2018, to reach 59.6 million bpd. 

The report showed global crude supplies rose 90 thousand bpd in September, however, the IEA pointed to general stability in the oil market recently, while expecting oil inventories to fall by 110 thousand bpd this year, and by 200 thousand bpd in 2018. 

Oil futures are weakening on profit taking after surging on Tuesday, after Saudi Arabia's energy ministry announced that Aramco will cut 560 thousand bpd in exports in November, as the world's largest crude exporter plans to export 7.15 million bpd despite the upward demand of 7.7 million bpd. 

Otherwise, oil companies are working to bring back their operations in the Mexico Gulf, accounting for 17% of US shale production, after Storm Nate hit the south coast on Sunday, bringing 90% of the production effort to an abrupt stop. 

Sterling declined in American trade against the dollar, following an array of data and developments from Britain and the US, including remarks by chief Brexit negotiator from the EU side, Michel Barnier, in Brussels, in addition to speeches by Federal Open Market Committee members Lael Brainard and Jerome Powell. 

As of 04:51 GMT, GBP/USD fell 0.39% to 1.3172 from the opening of 1.3223, with an intraday low at 1.3122, and a high at 1.3265. 

Earlier UK data included the Bank of England's survey for credit conditions, in addition to remarks by Michel Barnier, who said that there hasn't been any serious discussions yet on the financial settlement issue, noting that the deadlock in negotiations hurts sentiment and raises concerns for investors and tax payers. 

Otherwise, earlier US data showed unemployment claims fell more than expected last week, as producers prices grew 0.4% in line with expectations in September, as core prices accelerated to 0.4% beyond forecasts. 

Similarly, FOMC member Lael Brainard participated in a panel discussion about monetary policy at the Peterson Institute for International Economics, in Washington DC, where she said in case of a future recession, it might be better to organize the rate hike process by committing to zero level rates until inflation hits the target, noting that a delayed march by inflation towards 2% is enough case against early rate hikes. 

Additionally, Powell delivered a speech titled "Prospects for Emerging Market Economies in a Normalizing Global Economy" at the Institute of International Finance Annual Membership Meeting, in Washington DC, where he expected further tightening of policy in a gradual manner as the economy improves. 

Powell said that developing markets can adapt to a tightened US monetary policy, noting that a rise in financial infusions to developing economies bolster the future outlook, while adding that a sharp increase in corporate debt is a point of weakness for many developing economies, especially China. 

Euro fell away from the highest since September 25 against the dollar, following an array of data and developments from the euro zone and the US, including speeches by European Central Bank President Mario Draghi, Federal Open Market Committee members Lael Bernard and Jerome Powel. 

As of 04:24 GMT, EUR/USD fell 0.16% to 1.1840 from the opening of 1.1859, with an intraday low at 1.1829, and a two-week high at 1.1880. 

Earlier data from France, the euro zone's second largest economy, showed the final reading of consumer prices down 0.2%, compared to the preliminary reading and expectations of 0.5%, while industrial production accelerated to 1.4% from 0.3% in August, besting expectations of 0.6%. 

Otherwise, earlier US data showed unemployment claims fell more than expected last week, as producers prices grew 0.4% in line with expectations in September, as core prices accelerated to 0.4% beyond forecasts.