Silver futures add 1% in American trade

Silver futures rose for the seventh session out of eight away from the lowest since February 2016, as the dollar index hit the lowest since August 26, amid a lack of data from the US, the world's largest economy. 

As of 06:23 GMT, silver futures due on September 15 rose one percent to $16.260 an ounce from the opening of $16.099, while the dollar index tumbled 0.53% to 94.62 from the opening of 95.13, marking an eleven-month nadir. 

Silver's were boosted by dollar's slump following a spate of downbeat US data recently, which pretty much ruled out another interest rate hike this year by the Federal Reserve as inflation moves away from the 2% target. 

Markets' doubts have resurfaced as well about Republican President Trump Donald's ability to carry out his economic agenda after two new members from the Republican camp announced their opposition to the new healthcare law being discussed in Congress. 

Whether this bill passes or not will be another legislative test for Trump, after failing to pass it before in what was a blow to his nascent presidency, pushing investors towards safe havens such as gold and silver.