Silver resumes losses near 2-month low as dollar rises

Silver prices fell on Monday, resuming losses after the recovery attempts from a 2-month low halted, weighed down by the US dollar's rise against its peers, and weak demand in China.

Silver prices fell 1.2% to $22.29 an ounce, after opening at $22.58, and and hit a day high at $22.59.

Silver closed higher by 0.7% on Friday, within recovery attempts from a 2-month low of $22.03 hit on Thursday.

Silver prices rose on Friday after disappointing US jobs data for November.

Silver prices lost 2.5% last week, the third straight weekly loss, due to weak demand in China.

The dollar index rose 0.2% on Monday for the fourth straight session against a basket of major rivals.

The Chinese authorities continue to impose measures to support the economic recovery, as the country is on track for the worst growth rate in a long time.