Silver sharpens decline to five-week low

Silver prices fell on Tuesday to a five-week low amid mounting pressure on the safe haven, while investors seek riskier assets. 

Silver last traded at $17.57 an ounce, down from the opening of $17.91, with a session-high at $17.98, and a low at $17.53. 

Silver's decline comes amid growing optimism in the markets after centrist Emanuel Macron won the first round of French elections, weakening the chances of far right candidate Marine Le Pen who aims to take France out of the European Union. 

On the other hand, global stocks were boosted today, slashing demand on silver as an alternative investment and a safe haven. 

The dollar fell to a four-week low against a basket of currencies, but that failed to underpin the white metal as haven demand wanes.