Silver falls despite weak dollar and disappointing data

Silver prices fell on Wednesday, despite the US dollar's drop and the release of weak economic data.

Data showed that the US industrial production index rose 0.4% during the August, slightly lower than forecasts of 0.5%.

The data increased uncertainty about the Federal Reserve's next move, especially about reducing the asset purchase program, as inflation seen the largest slowdown in 6 month.

The dollar index fell against a basket of major currencies by less than 0.1% to 92.5 points as of 19:23 GMT, after hitting a high of 92.6 points and a low of 92.4 points.

As of 19:26 GMT, silver spot prices fell 0.3% to $23.8 an ounce, after hitting a high of $23.9 and a low of $23.6.