Silver glides off 11-week peak

Silver prices dipped in Asian trade on Friday away from eleven-week highs hit yesterday as traders close positions to collect profits. 

Silver witnessed a surge this week for a variety of factors, which in turn triggered sell operations and corrections before the weekend. 

Silver gave up ground as the dollar recovered against a basket of major rivals, while commodities declined overall ahead of the weekend. 

Asian stock indices were heavily mixed this week, with tech shares dragging many indices down, while otherwise, higher US treasury yields held the white metal down as liquidity moved to bonds. 

Silver prices slipped to $17.17 an ounce from the opening of $17.20, with a session-high at $17.24, and a low at $17.15.