Silver sheds more than 1%, gives up previous gains

Silver prices slumped today, surrendering the previous session gains, as market shifted from safe havens to stock markets and high-yielding securities due to improved risk appetite.

The market focus shifted to the ongoing trade talks round between the US and Chinese officials in efforts for making a final trade deal.

Amid broad optimism about the visit, especially after President Trump said that China is willing to make a deal.

President Trump said in a tweet today that he will meet with the Chinese Vice Premier Liu He tomorrow at the White House, which raised markets hopes for a tangible progress in the talks.

Otherwise, the dollar index fell by 0.4% to 98.7 points as of 19:43 GMT, with an intraday high of 99 and a nadir of 98.6.

Silver futures for December delivery lost 1.2% to close at $17.602 an ounce after it closed yesterday higher by 0.6%, with a session-high of $17.935 and a low of $17.455.