Silver closes slightly lower on stronger dollar

Silver fell today, on pressure from dollar's rise against most major currencies, ahead of the ECB decision tomorrow.

The ECB Monetary Policy Committee will launch its meeting tomorrow, to discuss the interest rate decision, with forecasts of a cut to negative levels to stimulate the economy.

While the bank's President, Mario Draghi, will hold at a press conference after the decision, which may be his last as Christine Lagarde will most likely succeed him.

By 19:46 GMT, US dollar rose by 0.3% to 98.6 points, with a high of 98.7 and a low of 97.8.

Silver futures (December delivery) shed 0.1%, or 1.6 cents, to close at $18.17 an ounce, with an intraday high of $18.335 and a low of $17.97.