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Silver little changed after yesterday's advance
Silver prices moved little on Tuesday after a noticeable surge yesterday on the back of the weaker dollar and the desire by investors to diversify their holdings alongside stocks.
Silver is inching up despite the gains in the stock market, as investors seek to hedge their bets after recent stock crashes that caused uncertainty.
Dollar on the other hand pared its losses yesterday, forcing silver into sideways trading today, while US bond yields dip from multi-year highs.
Now markets await Fed Chair Jerome Powell's first testimony before Congress to take clues about his stance on monetary policy.
Silver prices traded at the opening price of $16.63 an ounce, with an intraday high at $16.69, and a low at $16.58.
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