Silver slips for second straight session as eyes on Fed's minutes

Silver futures moved away from their highest since April 28 as the dollar continued its rebound from a six-month low according to their inverse relation, while markets await the Federal Reserve's last meeting minutes. 

As of 05:35 GMT, silver futures due on July 15 fell 0.32% to $17.09 an ounce from the opening of $17.14, while the dollar index rose for the second consecutive session from its lowest since earlier November to 97.42 from the opening of 97.35, marking a slight 0.07% profit. 

Earlier U.S. data showed a steeper-than-expected drop in existing home sales last month, while markets await the Federal Reserve's minutes for the last meeting, as investors look to confirm whether the Fed will tighten the policy in the June meeting, in addition to further details about the Federal Reserve's efforts to cut its $4.5 trillion balance sheet in the next few years.