Silver climbs for first time in six sessions

Silver futures rose nearly one percent away from the lowest since May 12, shrugging off the dollar's minute gains for the day, and following earlier data from the US, the world's largest economy. 

As of 06:47 GMT, silver futures due on July 15 rose 0.86% to $16.575 an ounce from the opening of $16.465, while the dollar index rose 0.05% to 97.61 from the opening of 97.56. 

Earlier US data showed unemployment claims rising in line with expectations, while the housing price index rose 0.7%, or the same as before in April, as the CB leading index accelerated below forecasts in May. 

Similarly, Federal Open Market Committee member Jerome Powell has testified in front of the Senate Committee on Banking, Housing, and Urban Affairs, in Washington DC, regarding the economic growth rate for the world's biggest economy.