Silver strives to recoup yesterday's heavy losses

Silver prices rose on Friday before the weekend in an attempt to recoup some of the heavy losses registered yesterday, after recovery in stocks and lower haven demand. 

Silver slumped yesterday amid increased optimism in the market as President Donald Trump threw a shade over chances of a US military intervention in Syria, buoying risk appetite in the market. 

Asian stocks rose today alongside bond yields, with stability overall reigning and traders closing their short positions on silver to collect profits. 

The dollar on the other hand stopped rising in Asian trade today after yesterday's advance against a basket of major rivals. 

Silver rose to $16.50 an ounce from the opening of $16.44, with an intraday high at $16.51, and a low at the same opening price.