Silver declines for fourth consecutive session, dollar mostly flat

Silver futures fell in Asian trade while the dollar index moved little today, ahead of later data from the US, while investors await the European Union Economic Summit in Brussels. 

As of 05:58 GMT, silver futures due on September 15 fell 0.51% to $16.16 an ounce from the opening of $16.24, while the dollar index traded at 95.28, almost at the opening. 

Now markets await the final reading for first quarter US GDP growth, expected to come at 2.2%, down from 2.9% in the fourth quarter of 2017. 

US unemployment claims are expected to have risen by 2 thousand to 220 thousand in the week ending June 23, while continuing claims are forecasts to have dipped by 5 thousand to 1.718 million in the week ending June 16. 

Investors also look forward to the EU Economic Summit in Brussels later today, with talks to be conducted on a number of global hot issues such as immigration, security, defense, and economy.