Silver slides back from two-week high

Silver prices slid back slightly after reaching two-week high on Wednesday, following the temporary stabilization of the dollars against major currencies while demand decreased on safe havens.

The dollar stopped swooning against other major currencies to hover near its 10-month nadir, resulting in a slip in Silver prices, as ECB’s meeting on Thursday is awaited for more updates.

Silver prices last traded at $16.15 an ounce, session-high being at $16.18 an ounce, after opening from $16.07 an ounce with a session-low at $16.07 an ounce.

Asian Shares advanced as demand on safe havens declined, affecting Silver prices as investments move to Asian stocks.