Silver slips from 4-week high

Silver prices slipped on Monday, and pulled back from a 4-week high on correction and profit-taking, as the US dollar rebounded against a majority of rivals.

Silver prices fell 0.4% to $24.66an ounce, after opening at $24.75, and hit a high at $24.82.

Silver closed higher by 3.4% on Friday, and hit a 4-week high at $24.87, after disappointing jobs data in the US.

Silver prices gained 3% last week, the second straight weekly gain, thanks to the US dollar's drop.

The dollar index rose 0.2% on Monday away from four-week lows at 91.94 against a basket of major rivals. 

Dollar remains under pressure from disappointing jobs data from the US last Friday, which hurt chances of earlier policy tightening in the next two years.