Silver inches down but maintain gains

Silver losses ticked down but remained firmly near one-week highs touched earlier today, after maintaining the gains made recently. 

Silver managed to score profits for the last four sessions as the dollar tumbled against a basket of major rivals.

The dollar fell yesterday away from five-month highs, offering support for the dollar-denominated silver futures. 

Silver barely inched down to $16.47 an ounce from the opening of $16.48, with a session-high at $16.52, and a low at $16.45.