Silver prices waver greatly as dollar rallies

Silver prices wavered greatly on Tuesday, hitting a three-month high before declining as the dollar moves sharply as well today following Fed Chair Janet Yellen's testimony, buoying the greenback.
 
Silver last traded at $17.85 an ounce, compared to the opening price of $17.83, with a session-high at $18.06, and a low at $17.71.
 
Silver attempted to pierce $18 but resumed its decline shortly as the dollar surges, while noting that silver's losses were modest this week due to strong haven demand in the markets.
 
The dollar rose today to a three-week high against a basket of currencies after Yellen's bullish statement, heaping pressure on the white metal according to their inverse relation.
 
The dollar index, tracking the greenback against an array of rivals, rallied to 101.30 from the opening of 100.98, with an intraday high at 101.38, and a low at 100.70, following Fed Chair Janet Yellen's congress testimony today.