Silver prices rally to one-month high as dollar skids

Silver prices rose today to a one-month high as the dollar tumbled to a five-week low against a basket of main currencies, underpinning commodities today.
 
Silver last traded at $17.10 an ounce, up from the opening price of $16.79, with an intraday high at $17.20, and a low at $16.77.
 
Silver's rise today comes as the dollar weakens against a basket of currencies, boosting the greenback-denominated silver futures as they become cheaper abroad.
 
British Prime Minister Theresa May's speech today about the exit from the European Union soothed the markets after mentioning the government's intent to achieve trade deals with EU members and expand on them with other counties, raising confidence in the markets.
 
The dollar index, tracking the greenback against a basket of main rivals, skidded to 100.42 from the opening of 101.59, with an intraday high at 101.61, and a five-week nadir at 100.329, following the British PM's speech today.