Silver prices decline for third straight session

Silver futures tilted lower in American trade away from the highest since September 18 for the third session in a row, marking a one-week trough as the dollar index lost modest ground, following an array of data from the US, the world's largest economy. 

As of 07:36 GMT, silver futures due on December 15 shed 0.15% to $17.015 an ounce from the opening of $17.041, marking the lowest since October 9, while the dollar index dipped 0.07% to 93.42 from the opening of 93.48. 

Earlier from the US, Federal Reserve Bank of New York President William Dudley participated in a panel discussion titled "Dallas and New York as Centers of Growth" at an event jointly hosted by the Federal Reserve Bank of Dallas and the Federal Reserve Bank of New York, in New York.

Earlier US data showed housing starts and building permits fell more than expected in September, as markets look forward to the Beige Book later today, which derives its importance from being released two weeks before the Federal Open Market Committee, and lays the background for policymakers' decisions and directions in order to stimulate the economy.